Mortgage rates just hit their highest level in nearly three years, and homebuyers are already pulling back. HousingWire Lead Analyst Logan Mohtashami explains why the 10-year Treasury yield keeps climbing since talks with Iran broke down, and why the Federal Reserve has turned hawkish. He also explains how mortgage spreads are keeping 30-year rates from climbing above 8%.

Chapters:00:00 30-Year Mortgage Rates Hit 7.28%, Highest in Nearly Three Years00:52 Iran Talks, the Fed, and Why the 10-Year Yield Keeps Rising01:58 Mortgage Spreads Explained: Why Rates Aren’t Above 8.6%03:28 What It Would Take to Get Meaningful Home Price Cuts04:43 Homebuilders, Profit Margins, and Mortgage…

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