Mortgage Rates Spike to New 15-Month High of 6.76% as Bond Market Implodes

Mortgage Rates Spike to New 15-Month High of 6.76% as Bond Market Implodes Mortgage rates climbed to a 15-month high this week, moving in tandem with surging Treasury yields driven upward by spiking inflation expectations. The average rate on 30-year fixed home loans jumped to 6.76% for the week ending Sept. 10, up 5 basis
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