Mortgage rates top 7% for the first time in 20 months, and Google goes orbital
Why now
Thesis: High yields hit housing; AI goes orbital
Catalyst to watch: October 1 Suncatcher launch and rate path
Main risk: Launch failure or rates staying elevated
Why it matters
Mortgage rates above 7% tied to 10-year yields squeeze housing affordability, while Google's orbital TPU test is a long-dated AI compute experiment.
Details
Mortgage rates topped 7% for the first time in 20 months, hitting 7.03% as the 10-year Treasury yield ran to its highest level since 2007. Google is about to test whether AI compute works in space: the first Project Suncatcher satellite, carrying four of its own TPUs, launches October 1 on a SpaceX
Sources
- youtube · 2026-09-24 11:41 UTC