Mortgage Rates Bounce Back To July Levels On Inflation Worries [Video]

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

Mortgage rates and 10-year Treasury yields rose sharply on Monday to levels not seen since July, as bond market investors continue to weigh whether Fed policymakers have licked inflation.

Long-term interest rates have been on the rise for a month, after the Federal Reserve on Sept. 18 served up a dramatic 50 basis-point rate cut accompanied by a cautious forecast that suggested policymakers would bring rates down more gradually in the future.

Public remarks Monday from two Fed policymakers who are seen as inflation hawks shed some light on that approach, leading some investors to bet that the Fed will only cut rates once more this year.

In addressing the Securities Industry …