US 30-Year Mortgage Rate Rises to Highest Since Last July

Macro
โดย Reuters·US·Read original
Summary · why it matters

Freddie Mac reported that the average rate on a 30-year fixed-rate mortgage rose to 6.71% this week, up from 6.66% the previous week, reaching its highest level since last July. As rising energy prices due to heightened tensions in the Middle East push up inflation, this is a fresh blow to households struggling with housing affordability. Mortgage rates track U.S. Treasury yields, which have been rising due to concerns over swelling government borrowing, competition for funding for AI-related infrastructure, and price pressures from U.S.-Iran tensions. However, on the 3rd, the 10-year Treasury yield fell after Fed Governor Waller indicated he would support holding the policy rate steady at the FOMC if inflation slowdown is confirmed.

Impact on stocks 3

Financials▼ · 1 stocks
Freddie Mac
0IKZ
▼ NegativeDemandrelevance

Freddie Mac reports mortgage rates at highest since July, reducing housing affordability and demand for mortgages.

Others▼ · 2 stocks
％United States Government Bond 10Y
US-10Y
▼ NegativeMonetaryrelevance

10-year Treasury yield rose due to government borrowing, AI infrastructure funding competition, and inflation from Middle East tensions, though it fell after Waller's comments.

％Effective Federal Funds Rate
EFFR
▼ NegativeMonetaryrelevance

Rising mortgage rates reflect higher Treasury yields, but Fed Governor Waller's support for steady rates may limit policy rate increases.

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