Mortgage Rates Reach 7% as 30-Year Treasury Hits 2004 Highs
The average 30-year mortgage climbed to 7% on September 25, its highest in years, as the 30-year Treasury yield touched levels last seen in 2004. Costlier home loans push buyers to the sidelines and squeeze builders and lenders. That hits Lennar (LEN), D.R. Horton (DHI), PulteGroup (PHM), KB Home (KBH), Rocket Companies (RKT) and mortgage REIT AGNC. Europe saw brief bond relief.
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Mortgage Rates Hit 7% as 30-Year Treasury Touches 2004 Highs, Europe Sees Brief Bond Relief
The whole story · updated
E
Euronews
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European bond yields ease after sell-off as US mortgage rates hit a high in Trump’s term
CN
CNBC
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30-year fixed mortgage rate jumps sharply Thursday to 7.45%
AP
AP News
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Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%