The Holy-Moly 6.25% Mortgage is Back, Treasury Yields Spike, Summer Bear-Market Rally Unwinds

The Closed Eye Society

by Wolf Richter, Wolf Street: In terms of diversification between stocks and bonds, there is none. Not anymore. They even nailed the bear market rally in lockstep. The average 30-year fixed mortgage rate, after weeks of enormous day-to-day volatility, was back at 6.25% on Tuesday, according to Mortgage News Daily. Today’s rate was just about […]

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