US Mortgage Rates Exceed 7% Amid Inflation Concerns
UKPulse Money Desk
US mortgage rates have surpassed 7%, driven by surging government bond yields and rising oil prices, according to reports.
- US mortgage rates have breached 7%.
- Rising oil prices from the war in Iran are contributing to inflation fears.
- Surging yields on government bonds are also a factor.
US mortgage rates have reportedly climbed above 7%. This increase is attributed to surging yields on government bonds and rising oil prices, which are generating inflation fears.
The rise in oil prices is linked to the ongoing conflict in Iran, and these economic pressures are emerging as national elections approach.