#usmortgageratesriseto7.49% 🇺🇸
JUST IN: The US 30-year mortgage rate just jumped to 7
.30%, the highest since 2023.
A 30Y
mortgage is the loan most Americans use to
buy a house, paid back every month over 30 years.
Rates are rising because bond yields are surging, with the US
10Y up roughly 50 bps and the 30Y up roughly 32 bps in the past month.
Higher yields mean higher mortgage costs, making the same home more expensive every month.
Mortgage rates have now risen for 6 straight weeks, pushing home loan applications down 4.3% to the lowest since April 2025.
Meanwhile, many homeowners refuse to sell because they already have cheaper mortgages at 3% to 4%.
America is priced out.$PARTI $GTC $NATGAS
JUST IN: The US 30-year mortgage rate just jumped to 7
.30%, the highest since 2023.
A 30Y
mortgage is the loan most Americans use to
buy a house, paid back every month over 30 years.
Rates are rising because bond yields are surging, with the US
10Y up roughly 50 bps and the 30Y up roughly 32 bps in the past month.
Higher yields mean higher mortgage costs, making the same home more expensive every month.
Mortgage rates have now risen for 6 straight weeks, pushing home loan applications down 4.3% to the lowest since April 2025.
Meanwhile, many homeowners refuse to sell because they already have cheaper mortgages at 3% to 4%.
America is priced out.$PARTI $GTC $NATGAS
