The record
Written from the 1 report below. Nothing here is unsourced.
- US mortgage rates have climbed to 6.71%, their highest level since July 2025.
- The rate had been hovering around 6.5% and is now moving toward 7%.
- This rise threatens to further erode housing affordability.
- The issue is front and center ahead of the midterm elections in November.
What to watch next
- Whether mortgage rates cross the 7% mark
- How housing affordability shapes the November midterm elections
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