Economics ❯ Financial Markets ❯ Interest Rates ❯ Mortgage Rates

Market Analysis

30-Year Mortgage Rate Tops 7% After Five Straight Weekly Increases

Long-term borrowing costs are rising due to climbing 10-year Treasury yields, higher oil prices tied to the Iran war, a recent Fed policy increase.

U.S. 30-Year Mortgage Rates Rise to Mid-6% Range as Buyers Pull Back

U.S. Mortgage Rate Falls to 5.98%, First Sub-6% Reading Since 2022

Purchase Mortgage Applications Hit Highest Since Early 2023 as Rates Hover Near Low-6%