Housing Market Tracker: Mortgage rates over 7%
Housing Wire
MAY 28, 2023
Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher. We might get some short-term reprieve in bond yields and mortgage stress.
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