Episode Details

Mortgage rates just hit a 12-month high at 6.55%, adding hundreds to monthly payments and making home buying tougher than ever. Tied to Fed policy and inflation signals — like surging oil prices — these rates follow bond yields upward. After a brief reprieve below 6%, affordability is back in the spotlight, with pending home sales and purchase applications dropping as buyers pause. Even cooling consumer prices won’t soon ease the squeeze — rates must fall for relief to arrive.

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