Global Mortgage Rate Surge Pushes Housing Markets to Breaking Point

Mortgage rates have breached 7% in the United States for the first time in over 19 months, reaching 6.95% this week, according to Freddie Mac. This four-week surge is the most abrupt jump since late 2024, immediately straining an already frozen housing market and pushing aspiring homeowners to the brink.

Watch List

• US Mortgage Surge: The benchmark 30-year fixed rate has climbed for 11 consecutive weeks, now at 6.95%, its highest since January...