WS #14723
US 30-year mortgage rates have officially surpassed 7%, marking the first time this threshold has been crossed since January 2025. This shift is driven by a combination of surging government bond yields and inflationary pressures stemming from Middle East geopolitical tensions. The rise in borrowing costs is expected to dampen housing affordability and negatively impact consumer discretionary spending, creating a headwind for real estate and retail sectors.
Housing and Rate Sensitivity
US 30-year mortgage rates have officially surpassed 7%, marking the first time this threshold has been crossed since January 2025. This shift is driven by a combination of surging government bond yields and inflationary pressures stemming from Middle East geopolitical tensions. The rise in borrowing costs is expected to dampen housing affordability and negatively impact consumer discretionary spending, creating a headwind for real estate and retail sectors.