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U.S. mortgage rates reach two-year peak
Mortgage rates in the United States have risen to their highest levels since May 2024, with the average interest rate on 30-year fixed loans reaching 7.37%. This increase is attributed to disruptions in the global bond market, rising concerns over inflation, and soaring oil prices. Additionally, the yield on 10-year Treasury bonds has exceeded 5.14%, the highest level in 19 years, leading to higher monthly mortgage payments for American families. This trend strongly threatens to slow down the housing market until bond yields stabilize and inflationary pressures decrease.
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