30-Year Mortgage Rates Rise to 6.90%, 10-Year Treasury Yield Hits 3-Year High

Mortgage rates rose to 6.90% for 30-year fixed-rate mortgages and 6.24% for 15-year fixed-rate mortgages, according to Bankrate. The 10-year Treasury yield, a leading benchmark for mortgage rates, climbed to its highest level in nearly three years, with 30-year rates potentially reaching the upper 7% range. Homeowners are advised to shop around for mortgage rates to compare quotes and ensure the best deal.