US Mortgage Rates Surge Above 7% to a More Than Two-Year High
AI Summary
US mortgage rates have surged above 7%, reaching a more than two-year high. This rise is further suppressing an already slow housing market characterized by high prices and sluggish sales.
US mortgage rates rose to the highest level in more than two years, further weighing on a housing market already suppressed by elevated prices and sluggish sales.
Markets Real Estate mortgage rates US housing market interest rates housing prices real estate sales