Surging Treasury yields are crushing homebuyers’ affordability and mortgage rates staying above 7 percent for the long term could leave the US housing market frozen with buyers unable to afford homes and sellers unwilling to sell
BREAKING: The 10Y Note Yield rises to 5.04%, its highest level since July 2007.
This pushes the average interest rate on a 30Y mortgage up to 7.17%.
Homeownership is officially a luxury.
Gold and Bitcoin are very different asset classes, which is why they react differently to the same economic news. Following the release of CPI data, which matched expectations without increasing the odds of a needed Sept. rate hike, gold is up 1.5% while Bitcoin is down 0.4%.
The market is witnessing a substantial surge of activity, as XRP's payments volume surges above 1 billion. $XRP witnessed a surge in network activity that certailny came at a very good moment for the price 😁
The fund flows into U.S. spot Bitcoin and Ethereum ETFs are now a key indicator for short-term fluctuations in the global crypto market, with institutional position adjustments directly influencing bullish or bearish decisions