How High Can Mortgage Rates Climb? A Veteran Entrepreneur’s Perspective
What a volatile stretch these days has been for the 10-year yield and mortgage rates. When the 10-year yield breached a crucial technical level around 4.46% and the Iran situation showed no immediate ceasefire, yields surged from 4.42% to a peak near 4.68%, while mortgage rates jumped to roughly 6.75%. For veteran entrepreneurs who often juggle business cash flow, debt service, and investment pacing, this environment is more than noise—it's a test of resourcefulness, endurance, and strategic planning. So, how much higher can mortgage rates go, and what does this mean for veterans who run small businesses, startups, or franchise ventures? The short answer is: it depends on a constellation of factors, but several clear dynamics stand out that veterans should monitor and adapt to with disciplined financial stewardship. First, the Iran-related energy and inflation dynamic is a reminder that geopolitical events ripple through borrowing costs. If conflict persists and oil prices st...