Mortgage rates jump back over 7% as inflation fears drive yields higher
Publishing timestamp: 2023-03-02 14:10:54
Summary
Mortgage rates jumped back over 7% on Thursday, according to Mortgage News Daily, due to fears of inflation. This has caused mortgage applications to fall to a 28-year low. However, if upcoming economic data has a friendly inflation implication, rates could correct.
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Keywords: real estate, u.s. 10 year treasury, breaking news: business, business news, economic events, mortgages, business, housing,
Source: https://www.cnbc.com/2023/03/02/mortgage-rates-back-over-7percent.html