06/01/2026
Geopolitical tensions and the growing conflict in the Middle East pushed oil and gas prices higher in May, which also contributed to an increase in Treasury bond yields and mortgage rates as investors worried about inflationary pressures and the potential impact on the global economy. The 10-year Treasury yield moved higher, and mortgage rates followed, creating additional affordability challenges for homebuyers and putting some pressure on the housing market.
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Geopolitical tensions and the growing conflict in the Middle East pushed oil and gas prices higher in May, which also contributed to an increase in Treasury bond yields and mortgage rates as investors worried about inflationary pressures and the potential impact on the global economy. The 10-year Tr...