India Approves New Hydropower Project Near Disputed China Border
The Tato-II project is expected to be completed in six years at a cost of 81.5 billion rupees ($929 million), according to an official statement released on Tuesday.
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Yahoo
3 minutes ago
- Yahoo
Mortgage rate predictions for the next 5 years
How long will mortgage rates remain in the mid- to upper-6% range? Mortgage interest rates are determined by many factors, a major one being the 10-year Treasury yield. At Yahoo Finance, we've designed a five-year mortgage rate forecast, built on a 10-year yield correlation, that provides some insight. This embedded content is not available in your region. Read more: The best mortgage lenders right now Mortgage rates are tuned to the government bond market Mortgage rate forecasts might best be derived from 10-year Treasury note trends. While the two rates often track in the same direction, there is a spread between them that we will account for below. First, let's understand where Treasury yields are headed in the next five years. We'll combine human analysis with data pulled from artificial intelligence to put together a prediction. Economists' 5-year forecast for Treasury rates Michael Wolf is a global economist at Deloitte Touche Tohmatsu Ltd. In June, the Deloitte Global Economics Research Center issued an updated U.S. economic forecast in which Wolf laid out the firm's Treasury yield expectations over the next five years. "We expect the 10-year Treasury yield to hover near 4.5% for the remainder of this year, despite a softening in economic data and a 50-basis-point cut from the Fed in the fourth quarter of 2025," he wrote. "The 10-year Treasury yield begins to decline slowly in 2026, falling to 4.1% by 2027 and remaining there through the end of 2029." Let's chart that forecast. That's not much movement. Goldman Sachs analysts agree, saying the 10-year Treasury will remain near 4.1% through 2027. Meanwhile, the Congressional Budget Office (CBO) forecasts the Treasury yield to be 4.1% by the end of 2025, down to 4% in 2026 and remaining near 3.9% through 2029. Dig deeper: When will mortgage rates go down? Up Next Up Next Estimating a 5-year spread As we mentioned up top, the 10-year Treasury and 30-year fixed mortgage rates are separated by a spread. That difference between the two has been on either side of 2.5 percentage points in recent years. That's a significant change when compared to the spread from 2010 to 2020 when it was under two percentage points — and often near 1.5. Using a 2.5 percentage point spread, here's an example of how Treasurys and mortgage rates compare: 10-year Treasury rate = 4% Spread = 2.5 percentage points Mortgage rates = 6.5% Here's a recent example: On Aug. 14, 2025, the 10-year Treasury yield was 4.23%, and the 30-year fixed mortgage rate was 6.63%. The spread was 6.58 - 4.29 = 2.29 percentage points. The latest version of artificial intelligence, GPT-5, suggested using a spread of 2.1 to 2.3 percentage points. Here is its rationale: Historical standard (2010s): ~1.7 pp Recent years (2022 to 2025): ~2.6 pp Estimated 5-year average spread: ~2.1 to 2.3 percentage points Using these spread estimates, we can now complete our five-year mortgage rate forecast. Read more: How to get the lowest mortgage rate possible The 5-year mortgage rate forecast Using the Treasury forecast from above, we add the spread between the bond market and 30-year fixed mortgage rates to compile a five-year forecast: Learn more: When will mortgage rates go back down to 6%? The margin of error Of course, these are long-range estimates based on historical norms and broad expectations. All of these numbers could be thrown out the window if any of the following happens: 10-year Treasurys outperform or underperform the forecast. For example, yields could crash in a severe economic setback, such as a recession. The spread between Treasurys and mortgage rates narrows — or dramatically expands. Monetary policy, as driven by the Federal Reserve, substantially changes. Mortgage rate predictions for the next five years FAQs Will we ever see a 3% mortgage rate again? There is no forecast that predicts a 3% mortgage rate in the next five years. However, who saw such low home loan rates on the horizon in 2007 when rates were about where they are now? Things like the Great Recession and a global pandemic are rarely on the radar, and such black swan events are what it takes to move mortgage rates into the cellar. Will mortgage rates drop in the next five years? Based on the estimates above, rates are not expected to drop significantly in the next five years. However, a recession or other unknown disruption to the economy (such as a financial collapse or pandemic) could change the outlook. Is it better to fix a rate for two or five years? If you are considering an adjustable-rate mortgage with an initial fixed-rate period, you'll first want to consider how long you'll actually remain in the house you are financing. Then the long-term mortgage rate forecasting begins. The best idea is probably to choose the initial term that best fits your current budget. What will mortgage rates be in 2027? The analysis above predicts 2027 mortgage rates to be around 6.2% to 6.4%. Laura Grace Tarpley edited this article.
Yahoo
3 minutes ago
- Yahoo
Utility to buy power from advanced nuclear plant to power Tennessee and Alabama Google data centers
NASHVILLE, Tenn. (AP) — The nation's largest public utility plans to buy power from an upcoming advanced nuclear plant to help fuel Google data centers in Tennessee and Alabama, according to a deal announced Monday. The Tennessee Valley Authority, California-based Kairos Power and Google say the agreement will deliver up to 50 megawatts of energy to the federal utility's grid that powers the data centers. The announcement comes at a time when tech companies expect to require a massive amount of power to fuel data centers behind artificial intelligence, and some of them have been especially interested in new nuclear production. President Donald Trump released a plan last month to boost AI and build data centers across the U.S. and in May signed executive orders aimed at boosting nuclear power. TVA says it is the first U.S. utility to sign a power purchase agreement to buy electricity from a next-generation nuclear reactor. It would rely on the Hermes 2 reactor in Oak Ridge, Tennessee, which is scheduled to begin operations in 2030. The agreement will power data centers in Montgomery County, Tennessee, and Jackson County, Alabama, and support future growth in the region, the news release said. Google will receive clean energy credits associated with the plant. 'This collaboration with TVA, Kairos Power, and the Oak Ridge community will accelerate the deployment of innovative nuclear technologies and help support the needs of our growing digital economy while also bringing firm carbon-free energy to the electricity system,' Amanda Peterson Corio, Google's global head of data center energy, said in the news release. Hermes 2 is the first reactor under a deal between Kairos Power and Google to bring on 500 megawatts of new, advanced nuclear power production to help cover the tech giant's increased demand for electricity. The new kind of nuclear reactor uses fluoride salt-cooled, high-temperature reactor technology. It uses molten salt as a coolant. Another test version of the plant in Oak Ridge, named Hermes, does not produce electricity. The Hermes 2 plant received a construction permit from the Nuclear Regulatory Commission in November. The plant still has more steps to complete, including an application for an operating license from the Nuclear Regulatory Commission. Many next-generation reactors, including Kairos' Hermes 2, will use high-assay low-enriched uranium. The fuel is enriched to a higher level than traditional large nuclear reactors use, allowing the newer reactors to run longer and more efficiently, sit on smaller footprints and produce less waste, according to the Department of Energy. There's little of it made in the United States right now. But companies are investing to ramp up production, including in Oak Ridge. The Tennessee Valley Authority powers 10 million people across seven southern states. Jonathan Mattise, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
5 minutes ago
- Associated Press
Utility to buy power from advanced nuclear plant to power Tennessee and Alabama Google data centers
NASHVILLE, Tenn. (AP) — The nation's largest public utility plans to buy power from an upcoming advanced nuclear plant to help fuel Google data centers in Tennessee and Alabama, according to a deal announced Monday. The Tennessee Valley Authority, California-based Kairos Power and Google say the agreement will deliver up to 50 megawatts of energy to the federal utility's grid that powers the data centers. The announcement comes at a time when tech companies expect to require a massive amount of power to fuel data centers behind artificial intelligence, and some of them have been especially interested in new nuclear production. President Donald Trump released a plan last month to boost AI and build data centers across the U.S. and in May signed executive orders aimed at boosting nuclear power. TVA says it is the first U.S. utility to sign a power purchase agreement to buy electricity from a next-generation nuclear reactor. It would rely on the Hermes 2 reactor in Oak Ridge, Tennessee, which is scheduled to begin operations in 2030. The agreement will power data centers in Montgomery County, Tennessee, and Jackson County, Alabama, and support future growth in the region, the news release said. Google will receive clean energy credits associated with the plant. 'This collaboration with TVA, Kairos Power, and the Oak Ridge community will accelerate the deployment of innovative nuclear technologies and help support the needs of our growing digital economy while also bringing firm carbon-free energy to the electricity system,' Amanda Peterson Corio, Google's global head of data center energy, said in the news release. Hermes 2 is the first reactor under a deal between Kairos Power and Google to bring on 500 megawatts of new, advanced nuclear power production to help cover the tech giant's increased demand for electricity. The new kind of nuclear reactor uses fluoride salt-cooled, high-temperature reactor technology. It uses molten salt as a coolant. Another test version of the plant in Oak Ridge, named Hermes, does not produce electricity. The Hermes 2 plant received a construction permit from the Nuclear Regulatory Commission in November. The plant still has more steps to complete, including an application for an operating license from the Nuclear Regulatory Commission. Many next-generation reactors, including Kairos' Hermes 2, will use high-assay low-enriched uranium. The fuel is enriched to a higher level than traditional large nuclear reactors use, allowing the newer reactors to run longer and more efficiently, sit on smaller footprints and produce less waste, according to the Department of Energy. There's little of it made in the United States right now. But companies are investing to ramp up production, including in Oak Ridge. The Tennessee Valley Authority powers 10 million people across seven southern states.
