Mortgage Rates Surge Again | Global News

Mortgage rates just hit a 12-month high at 6.55%, adding hundreds to monthly payments and pushing buyers out of the market as affordability tightens. Driven by investor concerns over inflation and rising bond yields, the jump comes despite recent cooling consumer prices — a sign the Fed may ease up — but mortgage rates remain stubbornly high, dragging down pending home sales and purchase applications. 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/f4fb8390d277ba1b