America In Focus: Money pressures climb as mortgage rate tops 7%, bond yields rise
Long-term U.S. mortgage rates have climbed above 7% for the first time since January 2025. This increase marks a fifth consecutive week of rising rates, further impacting homebuyer affordability.
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases
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