mortgage rates

Global bond yields hit highest levels since 2008 crisis

Government bond yields across the world have surged to their highest levels since the 2008 financial crisis, raising borrowing costs for governments, companies, and households in a sell-off that stretches from Washington to Tokyo to London.

US new home sales drop sharply in July, missing forecasts

Sales of new single-family homes in the United States fell sharply in July, dropping 10.5% to a seasonally adjusted annualized rate of 607,000 units, the U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday. The figure…