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U.S. housing market
Trends
- 1US Mortgage Rates Climb Above 7% as Inflation Persists▼“Rising Housing Costs”: U.S. Mortgage Rates Top 7% as Inflation Pressure Keeps Treasury Yields Elevated
United States mortgage rates have risen above 7%, driven by persistent inflation that keeps Treasury yields elevated. The increase adds to already high housing costs, raising affordability concerns for homebuyers and renewing debate over how long interest rates will stay elevated and what that means for the housing market.
- 2Bessent Urges Fed to Keep Open Mind on Inflation●Bessent Urges Fed to Keep ‘Open Mind’ on U.S. Inflation Outlook
Treasury Secretary Scott Bessent has called on the Federal Reserve to keep an open mind about the outlook for U.S. inflation, pushing back against a fixed view of where price pressures are heading. The remarks put fresh attention on the central bank's next rate decisions and on the administration's pressure campaign over monetary policy, with markets watching for any sign the Fed will shift its stance.