What if Mortgage Rates Rise to 8%?

Mortgage rates may stay flat, drop, or rise to 8% — timing remains unpredictable.
Bond market turmoil, rising debt, and oil shocks could push mortgage rates beyond 8%.
A Treasury yield surge to 6% from 4% could spark mortgage rates above 8%.
Fixed-rate mortgages stay stable; only adjustable-rate loans rise with changing interest rates.
At 8% rates, 850K fewer U.S. households can afford a median $460K home.