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Mortgage Rate At 8%: Investments To Avoid Now

Higher-for-longer interest-rate policy has led to some first-time-in-a-long-time market stats. For example, the 10-year Treasury bond yield broke above 5% on Friday for the first time since 2007.

However, that’s not the only startling statistic that investors should pay attention to now. Sure, the 5% bond yield is impactful, but there’s another figure that’s bound to have ripple effects across multiple sectors of the economy and markets.

The 30-year mortgage rate goes vertical

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