US 30-year mortgage rate hits highest level in more than a year

US 30-year mortgage rates have climbed to their highest level in more than a year, adding to affordability pressures for homebuyers. The rise comes as Treasury yields remain elevated amid inflation concerns, government borrowing needs and Middle East tensions, while Fed Governor Christopher J. Waller signals a possible pause on rate hikes.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.