30 year mortgage rates have climbed to 6.30%, putting fresh pressure on the 2026 housing market. Economists point to rising US Treasury yields, sticky inflation, and a slower timeline for Fed rate cuts as key drivers. With borrowing costs higher, buyers face reduced affordability, though forecasts suggest rates may hover around 6% to 6.5% through the year.
Asian stocks opened lower as a Wall Street tech selloff spilled over, fueled by worries that AI spending may not deliver quick returns ahead of major earnings. Rising Treasury yields, boosted by firmer oil prices, are stoking inflation expectations and trimming expectations for Fed rate cuts. With the global rally wobbling, technology earnings now hold the spotlight.
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