Mortgage rates aren't surging because the economy is booming. They're surging because everyone is about to lose their jobs. https://t.co/uRHA5JyOYN
— Financelot (@FinanceLancelot) April 11, 2025
Bye bye housing market 👋🏻
30 year at 7.07%
Savage 🔥 pic.twitter.com/nRFjX8wIkd
— AKM (@akm515) April 11, 2025
The CNBC article barely scratches the surface of what’s unfolding beneath the mortgage rate spike. This isn’t just about tariffs nudging bond yields higher we’re witnessing the early phase of a global bond market dislocation triggered by a strategic trade regime shift and… https://t.co/VtbdIZahKE
— EndGame Macro (@onechancefreedm) April 11, 2025
It has undoubtedly been an extremely volatile week for financial markets and that includes the U.S. bond market to be sure. As an example, the poster child for the U.S. bond market, the 10yr Treasury, saw its biggest week-over-week increase since 1981.
As we often discuss, mortgage rates are based on bonds that share many similarities with U.S. Treasuries, so it’s no surprise to see chaos in that market and a concomitant jump in mortgage rates. In general, mortgage rates and bond yields are exceptionally well correlated (after all, a “yield” is the rate paid by a bond).
https://www.mortgagenewsdaily.com/markets/mortgage-rates-04112025