
Mortgage Costs Rally as Markets Price in 7% Home Loans This Year
The 30-year fixed mortgage rate rose to about 6.75%, its highest since July 2025, as surging Treasury yields push rates higher. Kalshi traders now assign a 50% chance rates rise above 6.8% this year and about a 23% chance they top 7%. Rates have climbed amid inflation and geopolitical tensions, though housing demand remains resilient with pending-home-sales up in April.







