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Kiplinger
Kiplinger
Business
Sean Jackson

How Does the 10-Year Treasury Yield Affect Mortgage Rates?

Interest Rates the Federal Reserve
A picture of a house with a calculator and a mortgage application .

Many components contribute to the cost of your home. Along with price, the interest rate on your mortgage is an important consideration.

Currently, mortgage rates are rising, driven by geopolitical tensions, inflation and other factors. The average rate on a 30-year mortgage is 6.58%, according to Freddie Mac.

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