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Mortgage rates break past 7% as bond yields surge, deepening U.S. housing gridlock

Bond yields rose this week pushing mortgage rates above 7 percent. That's another big challenge for the already limping US housing market.

Copyright 2026 NPR

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Scott Horsley is NPR's Chief Economics Correspondent.
Scott Simon is the host of Weekend Edition Saturday and is one of the hosts of NPR's morning news podcast Up First.