Rising global bond yields have pushed U.S. mortgage rates to their highest level in more than a year, with the average 30-year fixed rate climbing to 6.76 percent this week, according to Freddie Mac. The increase follows a steady upward trend, with rates now surpassing previous peaks set earlier in the summer. Homebuyers and refinancers face growing financial pressure as borrowing costs continue to climb, reflecting broader economic shifts in lending markets. The latest data underscores the impact of global economic conditions on domestic housing affordability.
The U.S. 30-year mortgage rate reached a 14-month high on Thursday, as global bond yields continue to rise. The benchmark 30-year fixed mortgage rate is 6.76 percent this week, up from 6.71 percent a week ago, Freddie Mac reported Thursday. That marks the highest point for the 30-year rate since the week ending June 26,...
