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U.S. 30-Year Mortgage Rates Hit 7.28% After Rise

By Drooid · · How we work

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Story summary
  • U.S. mortgage rates rose to 7.28% for 30-year fixed loans, the highest since Nov. 22, 2023.
  • The rate increased from 7.03% the prior week, marking a sixth consecutive weekly rise.
  • The one-week jump was the biggest since Oct 2022 and the largest in nearly four years.
  • The 10-year Treasury yield climbed to 5.27% after the Iran conflict, matching 2007 levels.