BREAKING: The average interest rate on a 30Y Mortgage in the US surges to 6.75%, the highest since July 2025.
Housing affordability is at an all-time low.
Bond markets are flashing red.
Today, the US 30Y Note Yield officially hit its highest level since July 2007, at 5.19%.
This will soon become Americans’ biggest problem, yet the vast majority do not even know it is happening.
What is happening? Let us explain.
(a thread)