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Rising mortgage rates, Fed hawkishness, and the 10-year yield lift Bitcoin
The discussion notes 30-year mortgage rates at 7.28%, near-term buying pressure, and a 10-year Treasury yield that remains supported by renewed uncertainty after Iran talks ended.
Mortgage rates have surged to their highest level in nearly three years, with one segment citing 30-year mortgage rates at 7.28% and describing how homebuyers are already pulling back, according to Bitcoin Magazine.
HousingWire lead analyst Logan Mohtashami attributed the bond-market pressure to a 10-year Treasury yield that has kept climbing, linking the move to events around Iran talks and to the Federal Reserve turning more hawkish, the outlet said.
Mohtashami also explained how mortgage spreads are limiting how fast 30-year rates rise, saying the structure is keeping 30-year mortgage rates from moving much above 8.6%, per Bitcoin Magazine.
The segment further framed what it would take for meaningful home price cuts to occur, and discussed related impacts for homebuilders and profit margins, according to Bitcoin Magazine.
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