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%.ย Dynex Capital Co-CEO Smriti Popenoe joins Bloomberg Open Interest to explain why Treasury yields, government borrowing and hyperscaler debt are driving long-term ratesโand outlines the Fed policy changes that could help unlock Americaโs frozen housing market. (Source: Bloomberg)
US mortgage rates last week climbed to the highest level in more than a year, marking the latest setback for an already sluggish housing market.
US mortgage rates climbed to a more than one-year high last week, extending a steady rise in borrowing costs since the start of the Iran war.