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The 10-year Treasury yield hit its highest level since 2002, raising borrowing costs on mortgages, auto loans, credit cards and student loans.
If you’re looking to buy a home or a car, a rise in yields can impact your rate.
Economist Jane Liu, Ph.D. examines what the return of 7 percent mortgage rates reveals about the broader economy. Liu looks beyond housing to explore how persistent inflation and higher interest ra…