Treasury Yields

A residential street in the Boston area in autumn, with a white clapboard colonial house and a brick-and-grey-shingle house behind a hedge, red and orange trees, and overhead power lines under a grey sky.

Mortgage Rates Are Back Where They Were in 2023. This Time the Cushion Is Already Spent.

The average 30-year mortgage rate rose to 7.28 per cent this week, Freddie Mac said, the highest since November 2023 and the biggest weekly jump since October 2022. The rate is the same as three years ago. What produces it is not. In 2023 lenders charged almost three points over the ten-year Treasury. Now they charge about two, and the ten-year is doing the rest.

By Daniel Okafor 2 hours ago

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The Long View

Five Percent. The Monday the Price of Money, Energy and the Future Moved Together.

On Monday the 10-year Treasury yield touched 5 percent for the first time since 2023. Brent neared $110 before settling back. Diesel set a record at $6.23 a gallon. Chip stocks fell almost 6 percent. By the close, markets put the odds of a Federal Reserve rate increase on Wednesday above 90 percent. Each of those has its own story. Together they describe one: the end of the assumption that the shocks of this year would pass on their own.

By Daniel Okafor September 15, 2026

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Mortgage Rates Are Back Where They Were in 2023. This Time the Cushion Is Already Spent.

Five Percent. The Monday the Price of Money, Energy and the Future Moved Together.