US Mortgage Rates Brush 7%, Straining Housing Market — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- US mortgage rates brushed 7%, weighing on buyers and sellers and further straining a bleak housing market, per AP News.
- Mortgage rates climbed for a fourth-straight week to reach their highest level since Trump took office, per CNN.
Why it matters: With rates brushing 7% — the highest level since Trump's inauguration and a fourth straight weekly increase — both buyers and sellers face compounding affordability strain, as prospective buyers absorb pricier monthly payments and sellers encounter a shrinking pool of qualified purchasers.
Ask SkimNews
