Episode Details

U.S. mortgage rates surge, impacting home buyers during peak season; thirty-year fixed rates reach six point three eight percent, fifteen-year rates at five point seven five percent; climbing ten-year Treasury yields driven by oil prices and inflation concerns; higher rates mean increased monthly loan costs, affecting affordability in a sluggish housing market; home sales at thirty-year lows, mortgage applications drop ten point five percent; prospective buyers pause amid uncertainty, but rates remain lower than last year for those ready to buy now.

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