BusinessPhoto: HT WorldUS Mortgage Rates Near 7.5%, Could Reach 8% Amid Rising Treasury Yields
US mortgage rates have risen sharply to nearly 7.5%, the highest in about three years, making home loans more expensive. Experts warn rates could reach 8% due to inflation, economic growth, government borrowing, and global uncertainties. The US attack on Iran in February raised oil prices, adding inflationary pressure and pushing mortgage rates higher. Treasury Secretary Scott Bessent linked borrowing costs to energy prices.
HT World·



