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EconomyUS mortgage rates breach 7% as affordability pressures mount

US mortgage rates have risen above 7% as surging government bond yields and higher oil prices linked to the war in Iran fuel inflation fears. The pressure comes as national elections approach.

United Statesmortgage ratesinflationhousing affordability

FFinancial Times★★★☆☆2026-09-24 16:12Original

US mortgage rates breach 7% as affordability pressures mount
Economy