US: average 30-year mortgage rates above 7 per cent, for the first time since early 2025

(Il Sole 24 Ore Radiocor) - According to Freddie Mac, average rates on 30-year mortgages reached 7.03 per cent this week, exceeding the 7 per cent mark for the first time since the start of last year. This threshold has no particular economic significance, but it is psychologically important for buyers. Economists say that with mortgage rates above 7 per cent, it is likely that a greater number of potential buyers will hold off on buying a home, dragging down a property market that is now in its fourth year of stagnant sales.

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