JUST IN: 🇺🇸 US mortgage rates surge to highest level since 2023. • The average 30-year fixed mortgage rate has risen to 7.6%, the highest level since 2023, making homeownership very expensive for buyers. • The 10-year Treasury yield surged to its highest level since 2002 after recording its largest quarterly increase since 1994. • The 30-year Treasury yield also increased to 5.69% as investors continued selling US government bonds.