Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.

The increases were partly driven by rising U.S. Treasury yields, with the 5-year rising above 4% following stronger-than-expected inflation data. That, in turn, helped lift Canadian bond yields, which are closely linked to their U.S. counterparts.

Mortgage delinquencies are rising across the U.S., especially in southern states like Florida, Georgia, and South Carolina, a study by Cotality found. Escrow payments have surged – up 62% in the last 5 years – likely due to rising property taxes and insurance premiums.

Long-term US mortgage rates rose after a 5-week decline but are expected to stay stable. Higher rates may impact home sales and mortgage applications. Benzinga.

Updated each month, the dashboard is intended to help members monitor fluctuations in affordability and market activity.

Inflation rose to an 18-month high of 3.6 per cent in June, the Office for National Statistics said. This happened against an expectation that it would remain at 3.4 per cent or rise marginally to 3.5 per cent. The UK rate is much higher than EU rate of 2.2 per cent.

Rising property taxes and insurance costs are driving up mortgage escrow payments, destabilizing what was once a fixed monthly cost.   Florida, S

With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield.