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Mortgage rates climb toward 7% as bond rout rattles housing market

1 min read
Source: CNN
Mortgage rates climb toward 7% as bond rout rattles housing market
Photo: CNN
TL;DR Summary

Mortgage rates rose to 6.71% this week—the highest since July 2025—driven by a global bond sell-off and higher energy costs from geopolitical tensions, with the 10-year Treasury yield at multi-year highs. As rates push toward 7%, refinancing activity has cooled and pending home sales fell, signaling continued pressure on the housing market.

Topics:business#10-year-treasury#business#freddie-mac#housing-market#mortgage-rates#refinance
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  1. Mortgage rates hit a new high for 2026, marching closer to 7%  CNN
  2. Mortgage rates jump to highest level in over a year  Fox Business
  3. High sixes stall refi; target buyers adjusting to new normal  National Mortgage News
  4. US Mortgage Rates Climb to 6.71%, Highest Since July 2025  Bloomberg.com
  5. 7% mortgage rates are already here, some buyers, mortgage experts say  MarketWatch

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