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U.S. housing market

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    US Mortgage Rates Top 7% Amid Sticky Inflation●“Rising Housing Costs”: U.S. Mortgage Rates Top 7% as Inflation Pressure Keeps Treasury Yields Elevated✉newsBusinessReal Estate16 min ago

    United States mortgage rates have climbed above 7%, driven by persistent inflation that keeps Treasury yields elevated. The rise adds to affordability pressures for homebuyers, with housing costs already a major concern for American households. Higher borrowing costs are expected to weigh on home purchases and could further cool activity in the property market if rates stay at current levels.