6 result(s) for “Mortgage Rates”
On October 21, 2026, the Treasury is selling large volumes of short term bills and reopening a 20 year bond as the federal government faces record net interest costs. The move comes amid elevated yields that are raising the bill for servicing the national debt.
New government data and trade surveys on October 20, 2026 show single family starts and permits falling sharply, while builder confidence hits a 14 year low. Higher mortgage rates and weak buyer demand are driving a contraction in residential construction that could slow economic growth and tighten supply further down the line.
Average long term U.S. mortgage rates rose again this week, reaching levels not seen since late 2023 and prompting a fall in mortgage applications as higher Treasury yields and persistent inflation pressures push borrowing costs higher.
Federal Reserve Governor Christopher Waller said on Oct 8 that additional interest rate increases will probably be needed to bring inflation back to 2 percent, while stressing flexibility on timing and leaving open the possibility of holding rates at the Fed’s October meeting. The remarks pushed markets to reassess the path of policy and sharpened focus on data between now and December.
Long term U.S. borrowing costs have stayed near multi decade highs as the 10 year Treasury yield hovers above 5 percent. This week s slate of large note and bond auctions will be watched closely for signs the Treasury can absorb supply without pushing yields higher.
Investors withdrew $23.21 billion from global equity funds in a single week, the biggest outflow in nine months, as higher oil prices, inflation concerns and rising interest rates pushed markets towards caution.