๐ U.S. mortgage rates have risen above 7% for the firstโฆ
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๐ U.S. mortgage rates have risen above 7% for the first time since January 2025. Freddie Macโs weekly measure put the average 30-year fixed rate at 7.03% on Thursday.
The increase is the fifth straight weekly rise and comes as Treasury yields have climbed. The Guardian reported that the 10-year Treasury yield reached its highest level since July 2007.
Higher borrowing costs add to an already constrained housing market, where limited supply and high prices have made purchases difficult for many households. ๐
The rate is a national benchmark rather than a quote available to every borrower, whose offer can vary with credit, loan terms and property. Markets will now watch Treasury yields, inflation and Federal Reserve policy for signs of where mortgage costs go next. ๐ก
https://nutanica.com/Freddie_Mac
The increase is the fifth straight weekly rise and comes as Treasury yields have climbed. The Guardian reported that the 10-year Treasury yield reached its highest level since July 2007.
Higher borrowing costs add to an already constrained housing market, where limited supply and high prices have made purchases difficult for many households. ๐
The rate is a national benchmark rather than a quote available to every borrower, whose offer can vary with credit, loan terms and property. Markets will now watch Treasury yields, inflation and Federal Reserve policy for signs of where mortgage costs go next. ๐ก
https://nutanica.com/Freddie_Mac
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