Homebuyers watching the Federal Reserve for their next break should also be watching the bond market. A surge in Treasury yields is helping push mortgage costs higher, squeezing purchasing power before buyers even reach the negotiating table. The benchmark 10 year Treasury yield reached its highest level since 2002 this week. Traders are also watching Wednesday’s Treasury auction for evidence of how much demand investors have for government debt at these elevated yields. For housing, this is more than a…
MarketNational
Forget the Fed for a Moment. The Bond Market Is Making Your Next House More Expensive.
Homebuyers watching the Federal Reserve for their next break should also be watching the bond market. A surge in Treasury yields is helping push mortgage costs…
