30y treasury yield hits 5%; Mortgage rates just hit 8%

October 4, 2023 3:52 pm by CWR

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Student loan payments start again this month, and mortgage rates just hit 8%. My company is usually a little high, even Rocket Mortgage is showing 7.846% with 2.25 points. Not fear mongering, but its gonna be a “winter of death”. Biden got it right, but was talking about the market, not the COVID.

See also A 20% surge in gov't spending inflates the national debt, inflation, and interest rates, now reaching 10% of GDP, yet Q3 GDP misses expectations.