EconomyUS 30-year mortgage rate tops 7%, hits two-year high
The rate on the most popular U.S. home loan climbed last week to its highest level in more than two years, breaking above 7% for the first time since the opening week of Donald Trump’s term. Federal Reserve rate increases aimed at curbing inflation and higher oil prices pushed up Treasury yields that underpin borrowing costs.
US 30-year mortgage rate tops 7%, hits two-year high
