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Bond Buyer
Trends
- 1
Gold prices fell more than 2% as investors bet the US Federal Reserve will raise interest rates. Higher rates boost bond yields and the dollar, making non-yielding bullion less attractive to buyers. The drop marked one of the sharper daily declines for the metal, with traders watching upcoming Fed signals for direction.
- 2US mortgage rates climb above 7% as yields surge●Mortgage rates break past 7% as bond yields surge, deepening U.S. housing gridlock
Average U.S. mortgage rates have climbed past 7% after a surge in Treasury bond yields, worsening the housing market's affordability crisis. Higher borrowing costs are keeping prospective buyers on the sidelines and locking in existing homeowners with low fixed rates, deepening the standoff between sellers and buyers and leaving home sales and construction activity under renewed pressure.
- 3Mortgage rates climb as bond yields push higher●Stocks Holding, Bonds dropping, Rates higher, Housing hanging on. Mortgage Bonds are continuing lower , with yields high
Mortgage bonds continue to fall while yields rise, pushing mortgage rates up. Stock markets are holding steady, but analysts warn the housing market's stability is fragile, comparing it to a Jenga tower one move away from collapse. Higher borrowing costs are keeping pressure on homebuyers even as home prices and sales hold for now.