Walter BloombergFinance

Here’s a tighter version under 70 words: MORTGAGE RATES HIT ONE-YEAR HIGH US mortgage rates climbed to 6.55%, their highest level in nearly…

Here’s a tighter version under 70 words: MORTGAGE RATES HIT ONE-YEAR HIGH US mortgage rates climbed to 6.55%, their highest level in nearly a year, as renewed Middle East tensions fueled inflation fears. Higher borrowing costs are cooling demand, with home sales falling and many first-time buyers priced out. Wealthier buyers continue to support prices, pushing the median US home sale price to a new record.
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