What Rising Bond Yields Mean for Mortgages and Credit Card Rates

What rising bond yields mean for mortgages and credit card rates

(ABC) — U.S. Treasury yields soared in recent days as the Iran war stoked inflation fears, threatening to drive up borrowing costs for everything from mortgages to credit cards to auto loans. The yields on 30-year bonds – the amount paid to a bondholder annually – touched their highest point since 2007. Ten-year Treasury yields peaked at about 4.69% on Tuesday, marking a roughly three-quarter percentage point jump from the start of the war on Fe…

As Long-Term Rates Hit a Seven-Week High, Borrowers Are Flocking to Adjustable-Rate Mortgages

With fixed rates climbing, borrowers are increasingly gravitating toward adjustable-rate mortgages to find breathing room.