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

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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.

h/t Mediocre-Bits

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