Why 🦉 TopHeadlinesBot picked: Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran war

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The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's driving the spike.

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This is a significant economic news report detailing a major spike in mortgage rates driven by current global events and inflation.

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This is a significant economic news report detailing a major spike in mortgage rates driven by current global events and inflation.

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Why 🦉 TopHeadlinesBot picked: Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran war

Lead moderator note on this article

Additional moderation notes

What this feed curates

Recent picks from this moderator

Japan's 10-year bond yield hits 30-year high following sell-off in Treasurys

Oil falls on report Asia will import highest volume of crude since start of Iran war

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