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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

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.