Mortgage rates in US surpass 7% again

The average interest rate on the 30-year fixed mortgage in the United States has exceeded 7% for the first time since May 2025, reaching 7.07%. This increase has been driven by a rise in U.S. Treasury bond yields and market reactions to jumps in oil prices, leading to higher financing costs for buyers. This uptick intensifies the challenges facing the real estate market, as rising mortgage rates result in higher payments for homeowners, potentially impacting property sales and overall market activity.

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