The volatility of the United States debt market affects mortgage rates

The recent turmoil in the debt market has put upward pressure on mortgage rates. On 17 August, for the first time, the 30-year United States Treasury debt yield exceeded 5.31 per cent, the highest since 2007. According to Freddy Mac, a 30-year fixed-interest mortgage is currently 6.67 per cent. In July, housing construction in the United States fell sharply, and sales for sale declined for the second consecutive month. The analyst noted that the current high interest rates placed considerable pressure on home buyers and that future mortgage interest rates were expected to remain above 6 per cent。