Federal Reserve Keeps Rates Unchanged; Long-Term Government Bond Yields Hit 19-Year High

The Fed left its benchmark interest rate at 3.50–3.75% on July 29, 2026 — unchanged for seven months straight. One day later, the 30-year Treasury yield — what the government pays to borrow for three decades — hit 5.2444%, a 19-year high, per Reuters. That pushes mortgage rates up. The Fed hasn't signaled concern.