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MORTGAGE RATES HIT 6.75%, HIGHEST SINCE JULY 30-year mortgage rates rose to 6.75%, the highest since July, up 7 bps in a day and 33 bps ove…

MORTGAGE RATES HIT 6.75%, HIGHEST SINCE JULY 30-year mortgage rates rose to 6.75%, the highest since July, up 7 bps in a day and 33 bps over 10 days, according to Mortgage News Daily. Rates are now 46 bps above April lows after rebounding from war-driven volatility that pushed them near 6.6% in March. Mortgage News Daily’s Matthew Graham says bond markets are signaling pressure on policymakers to end the war or face further economic strain. The move has lifted monthly payments by about $167 on a median-priced home, highlighting renewed pressure on housing affordability.
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