By Vawn Himmelsbach, Yahoo Finance
Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC.
Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds.
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