Mortgage Rates Surge Amid Oil and Fed Pressure | Bakersfield News

Mortgage rates just hit a 12-month high at 6.58% for 30-year loans, fueled by rising oil prices and global tensions, pushing up bond yields and making home buying even more expensive as gas prices strain budgets — a trend that’s already dampening sluggish home sales and could slow the market this summer. 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/7d8beda5377c00c5