Benchmark mortgage rate hits 14-month high as bond yields keep rising

3 days ago 20

The U.S. 30-year mortgage rate reached a 14-month high on Thursday, as global bond yields continue to rise. The benchmark 30-year fixed mortgage rate is 6.76 percent this week, up from 6.71 percent a week ago, Freddie Mac reported Thursday. That marks the highest point for the 30-year rate since the week ending June 26,…

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