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Mortgage Rates Rise Amid Inflation and AI Boom | Fort Wayne News
Mortgage rates edged up to 6.57% after hotter-than-expected inflation data, though they’ve since cooled slightly — but pressure remains. The Fed held steady last month and isn’t expected to move in September, helping keep rates from soaring, though lenders may still hike to hedge against a weakening dollar. Meanwhile, AI-driven tech giants are flooding markets with bonds, pushing Treasury yields higher and indirectly lifting mortgage costs. Rates may ease if global tensions ease and oil prices stabilize — for now, borrowers should consider using savings to lock in lower rates. Listen in…
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