Housing market faces headwinds as mortgage rates move above 7%

US Mortgage Rates Cross 7 Percent

The rate has consistently remained above 6.5 percent since around mid-May.

Housing market faces headwinds as mortgage rates move above 7%

Mortgage rates rose to 7.12% as the 10-year neared 5% and oil pressure grew, with inventory and pending sales facing tougher comps.

Housing market faces headwinds as mortgage rates move above 7% - Boston Real Estate Investors Association

Better mortgage spreads were a positive storyline in 2026, keeping mortgage rates under 7% all year until this last week. 2026 had the lowest rate curve in many years, but an escalation of the Iran conflict pushed the 10-year yield higher and closer to 5% last week. Mortgage rates, which were as low as 5.99% […]