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Mortgage Rates Just Took Their Biggest Jump in Over a Year
For sale signs are posted in front of condominiums for sale in July in Los Angeles, California. Mortgage rates rose this week to their highest since early 2025.Credit: Justin Sullivan / Getty ImagesWhat You Need to KnowMortgage rates jumped this week to their highest in more than a year and a half, following 10-year Treasury yields spiking in recent weeks.Rates near 7% could further slow a housing market already freezing up because of high prices and borrowing costs.Where rates go next likely depends on whether the Iran war eases, lowering fuel prices, or worsens, stoking inflation…
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