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Rising bond yields are expected to lift mortgage and consumer rates

Long-term government yields have climbed sharply in recent days, a move that can translate into higher borrowing costs for consumers.

Reported · Written up by our desk · Mortgages

CNBC Markets reports that long-term government bond yields have risen sharply in recent days, pushing market rates higher across the economy.

The outlet says higher bond yields can flow through to consumer borrowing costs, including mortgages, sometimes quickly after the bond move.

CNBC Real Estate makes the same point, linking the recent yield increases to potential near term pressure on mortgage and other consumer loan pricing.

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