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Mortgage Rates Surge Back to 7% | Real Estate News
Mortgage rates are surging back toward 7%, hitting a one-year high and making home buying tougher as fall approaches. Driven by Fed expectations—especially after inflation data and comments from Chairman Kevin Warsh—rates are climbing alongside 10-year Treasury yields. The average 30-year fixed rate jumped to 6.97%, undoing recent buyer relief and pushing more would-be buyers to the sidelines in an already imbalanced market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary…
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