U.S. in ‘New Financial Territory’ as Mortgage Rate Surges–Larry Summers

Newsweek, Sept. 28, 2022–Giulia Carbonaro
Economist and former U.S. secretary of the treasury Larry Summers said that the country has now entered “new financial territory,” as the U.S. 10-year Treasury yield briefly touched 4 percent for the first time in a decade on Wednesday and mortgage rates surged. (MBA mention)