Mortgage Rates Hover Above 7% as Bond Market Volatility and Federal Reserve Policy Pressure Prospective Homebuyers
WASHINGTON — Mortgage rates remained stubbornly stuck above the 7% threshold this week, driven by persistent inflation pressures, aggressive tightening signals from the Federal Reserve, and a sharp, unsettling sell-off in the U.S. bond market. For prospective home buyers navigating an already unforgiving real estate landscape, the combination of elevated borrowing costs and broader economic…
