Shock Alert: 30-Year Fixed Mortgage Rates Surge Past 7% for the First Time in Over a Year!
Highlights The average 30-year fixed mortgage rate has surpassed 7% for the first time since May 2025, reaching 7.07% on Thursday. The rise in mortgage rates is closely tied to increases in the U.S. 10-year Treasury yield and recent fluctuations in oil prices. Homebuyers are facing significantly higher monthly payments, with a typical buyer experiencing […]
