Government borrowing hits 5% — why your loans could cost more

5.014%. That’s what U.S. government 10-year borrowing cost during Sept. 14, the most since October 2023, ending the day at 4.987%, CNBC reports. Think of it like the wholesale price of money — it pushes up mortgages and business loans. I worry pricier borrowing is already squeezing family budgets before the Fed, the U.S. central bank, meets Sept. 15-16.