The Economic Times

Mortgage rates for 30 years rise 3 year high due to long-term US Treasury yields. How does it impact homeowners' monthly principal, interest payments and what to expect in near future?

US Bonds Market: The rise in yields has pushed 30-year mortgage rates to a nearly three-year high of 7.4 per cent, keeping many homeowners locked into existing loans rather than refinancing as they often do when rates decline.