Why Mortgage Rates Hit 7.28% Even After Fed Rate Cuts

Why borrowing money just got expensive again: the 10-year U.S. Treasury yield hit 5.34%, its highest level since 2002, even though the Federal Reserve has been cutting interest rates. Here's what a bond yield actually is, and why it reaches almost every loan in America. In this video: what a Treasury bond is and why yields rise, the difference between the Fed's rate and long-term rates, why mortgage rates jumped to 7.28%, what that means for a $400,000 home loan, why about half of homeowners feel locked in, credit card and car loan rates, the U.S. government's $1.1 trillion interest bill, how today compares with 2002 and 1981, and who pays and who collects when money gets expensive. #economy #interestrates #themoneygap ----- Subscribe to The Money Gap for a new video every week: who wins, who pays, and why the economy feels broken. Written, narrated and edited by: The Money Gap Graphics, music & sound effects: original, made for this channel All materials in this video are for educational and entertainment purposes only. This video does not provide investment or financial advice of any kind. Some charts are illustrative and are labeled as such on screen. ----- Sources: https://www.federalreserve.gov/releas... https://www.irishtimes.com/business/2... https://qz.com/us-treasury-yield-high... https://www.freddiemac.com/pmms https://www.globenewswire.com/news-re... https://www.prnewswire.com/news-relea... https://www.nar.realtor/newsroom/nar-... https://www.federalreserve.gov/releas... https://fiscaldata.treasury.gov/datas... https://crfb.org/blogs/us-ran-2-trill... https://fortune.com/2026/07/10/us-tre...