US Mortgage Rates Near 7% as Housing Recovery Hopes Fade

U.S. 30-year fixed mortgage rates are nearing 7% for the first time since January 2025. According to Sina Finance, the rise has been driven mainly by the Iran war pushing up Treasury yields, adding pressure to a U.S. housing market already in its fourth year of stagnation. Freddie Mac data showed the average 30-year fixed...