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Economist warns bond market could push mortgage rates toward 9%

Original: Mortgage Rates Could Soar to 9%? Economist Says Forget the Fed, the Bond Market Is Now Driving Mortgage Rates

An economist says mortgage rates could climb as high as 9%, arguing that the bond market, not the Federal Reserve, is now the main force driving home loan costs. Rising long-term Treasury yields, fueled by fiscal and inflation concerns, are pushing mortgage pricing regardless of Fed rate decisions.

Why now: Homebuyers and homeowners are anxious about the possibility of mortgage rates returning to multi-decade highs.

Federal Reservebond marketUS mortgage market

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• Mortgage Rates Could Soar to 9%? Economist Says Forget the Fed, the Bond Market Is Now Driving Mortgage Rates · Benzinga

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