10-year Treasury yield hits 19-month high above 4.80%, pushing mortgage rates toward 7%.
Macro & Markets ·
The 10-year Treasury note yield has climbed above 4.80%, marking a 19-month high and the first time it has reached that level since January 14, 2025. This sustained upward pressure on rates is expected to push mortgage rates toward 7% in the near term. The movement reflects continued strength in Treasury yields, though the underlying drivers and trajectory remain subject to broader market forces and economic conditions.