Mortgage Rates Spike, 10-Year Yield Nears 5%, and OpenAI's $7B Cash-Out
Mortgage rates hit their highest since June 2025 as Middle East tanker attacks send oil and Treasury yields higher, the 10-year yield's breakout toward 5% raises fresh alarm about federal borrowing costs, and OpenAI completes a $7 billion secondary share sale ahead of a targeted 2027 IPO. In this episode: • Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up — https://www.cnbc.com/2026/08/31/mortgage-rates-surge-middle-east-attacks-oil.html • The 10-year Treasury yield is breaking out and 5% could be just the beginning. Here’s why that matters. —…
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