Mortgage Rates Hit New 2022 High in Bond Market Selloff

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Register here. After taking Wednesday’s Fed rate hike in stride, investors lost their appetite for bonds Thursday in a selloff that pushed mortgage rates to new 2022 highs.

Bond markets regained their footing Friday, with yields on 10-year Treasurys, a barometer for mortgage rates, retreating from a high of 3.77 percent.

 Strong investor demand for bonds and mortgage-backed securities pushes their prices up, and yields down. But the renewed […].

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