Is The Bond Market Affecting Mortgage Rates?

[Account Closed]

Hello! I'm seeing that mortgage rates have been rising for the past 4 weeks where 30-year mortgages are at around 7% and 15 year-fixed mortgages are at somewhere close to 6.5% now. I've read that this is because of the yields from the 10-year treasuring bonds which have been affected by the interest rates. Does anyone know how true this is and if mortgage rates will keep going up? 

[John O'Leary]

Yes , the 10-year Treasury bond yield can influence interest rates including mortgage rates. It really reflects broader market sentiment and economic conditions. For example, if investors expect higher inflation or economic growth, they may demand higher yields on Treasury bonds, pushing interest rates higher across the board.