Mortgage Rates Head Toward 7 Percent | Business and Finance News

Mortgage rates are surging to new yearly highs, sparking fears of a return to the dreaded seven percent for 30-year fixed loans. Driven by rising Treasury yields—now nudging above 4.7%—rates jumped eight basis points to 6.85%, the highest since mid-July 2025. While economists caution it’s not guaranteed, a Treasury yield nearing 5% could push mortgages closer to seven percent. Though some experts believe a ceiling exists due to low home sales and lender competition, rates are almost certain to remain elevated, potentially cooling the housing market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/eb526d7b40e89d2b