General World News

Why are mortgage rates surging?

Why are mortgage rates rising? This is a question many people are asking — even some of the Federal Reserve members.

We have had back-to-back weeks of the bond market getting wild since the key 10-year yield level of 4.34% broke higher. It didn’t help that the Fed was hawkish after the Fed meeting, as their forward outlook surprised some market players.

Jobless claims data has also improved in the last few weeks. The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will details ⇒

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