US mortgage rates jump as bond sell-off adds pressure on housing
The Financial Times reports the sharpest rise in US mortgage rates in four years, as homebuilders and prospective buyers face challenging conditions.
US mortgage rates recorded their largest jump in four years amid a bond sell-off, according to an event digest of a Financial Times report published on Thursday.
The supplied report text offers no rate figures or detail on the bond-market move, so the size of the increase and its drivers cannot be assessed from the available material.
The Financial Times summary says homebuilders and prospective buyers continue to face challenging market conditions. It provides no further detail on how the rate rise is affecting either group.
The reported increase adds pressure to an already difficult housing backdrop, but the available information does not quantify its effects or indicate how conditions may develop.
