30-Year Mortgage Rate Hits 7.45%, Topping 7% — SkimNews
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- The 30-year mortgage rate has climbed to 7.45%, topping the 7% threshold that CNN frames as a fresh blow to a frozen housing market.
- Rising bond yields are the driver behind the mortgage rate surge, with The Hill connecting the spike to deepening political gloom for Trump's GOP.
Why it matters: The 30-year rate clearing 7.45% — well above recent sub-6% territory — adds another barrier for would-be buyers already locked out of a housing market multiple outlets describe as frozen. With bond yields driving the move, the rate spike is also feeding directly into political headwinds the GOP faces on economic messaging.
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