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via BeInCrypto · By BeInCrypto Editorial
30-Year Mortgage Rate Hits 7.45%. What Does It Mean for Crypto?
BE
BeInCrypto Editorial(05:01 AM UTC)
1 min read
The average 30-year fixed US mortgage rate jumped 19 basis points to 7.45% on Thursday. Mortgage News Daily recorded the move in its daily survey of brokers and lenders.
The jump tracks a broader selloff in US government bonds. For crypto markets, the Treasury yield at the center of that selloff carries the clearer signal.
Treasuries Drag the 30-Year Mortgage Rate Higher
The 30-year rate had…
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