Back to today’s briefing

Story perspectives

U.S. Treasury Yields Surge, Mortgage Rates Hit 7.14%

4/16/2025

43 9

Summary

Story summary

U.S. Treasury yields jumped 47 basis points last week, marking the largest rise since 2008, affecting mortgage rates.
The 30-year mortgage rate climbed to 7.14%, up from a recent low of 6.50%.
Analysts link the yield surge to inflation worries and possible foreign government actions on U.S. bonds.
The Federal Reserve's upcoming meeting is scheduled for May 6-7, with an 80% likelihood of keeping interest rates steady.

1 of 1

Story summary

U.S. Treasury yields jumped 47 basis points last week, marking the largest rise since 2008, affecting mortgage rates.
The 30-year mortgage rate climbed to 7.14%, up from a recent low of 6.50%.
Analysts link the yield surge to inflation worries and possible foreign government actions on U.S. bonds.
The Federal Reserve's upcoming meeting is scheduled for May 6-7, with an 80% likelihood of keeping interest rates steady.