US Mortgage Rates Surge Above 7% to a More Than Two-Year High
US mortgage rates rose to the highest level in more than two years, further weighing on a housing market already suppressed by elevated prices and sluggish sales.
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US mortgage rates rose to the highest level in more than two years, further weighing on a housing market already suppressed by elevated prices and sluggish sales.
With mortgage rates hovering around 7%. Dynex Capital Co-CEO Smriti Popenoe joins Bloomberg Open Interest to explain why Treasury yields, government borrowing and hyperscaler debt are driving long-term rates—and outlines the Fed policy changes that could help unlock America’s frozen housing market. (Source: Bloomberg)
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