The benchmark Treasury bond that banks use to set lending rates shot up to its highest level in more than two years, just shy of the psychological 3 percent level. That means borrowers in what we'll call a "3 percent world" will be dishing out more in interest payments. Polyana da Costa is a senior mortgage analyst at Bankrate.com. "Homeowners would definitely get hurt the most because of the rise in the 10-year Treasury yield because mortgage rates follow the 10-year very closely."moreless
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