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Mortgage Rates Hold Steady Amid Global Tensions | Raleigh News
Mortgage rates are stuck near 6.5% as geopolitical tensions in the Middle East reignite, pushing oil prices and inflation—and with them, mortgage rates. A spike in 10-year Treasury yields, fueled by Amazon’s massive bond sale to fund AI, further tightened borrowing costs. While a 16-dollar monthly bump on a $400K loan may seem small, experts warn mid-6% rates are likely here to stay, especially with potential Fed hikes on the horizon. Buyers: brace for this environment and align your home purchase with long-term financial goals. Listen in comfort:Get a discount on a Soli Pillow…
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