As 10-year Treasury bond yields continue to rise, mortgages will become more unaffordable for Americans, with rates potentially reaching 8% for fair to good credit.
"mortgages, especially as bond yields, the 10-year Treasury, continue to go up, it will make it more unaffordable for Americans to take out a mortgage and afford an actual property as mortgage rates are 6 1/2 to 7 1/2 to possibly even 8% if you have fair to good credit."