U.S. Mortgage Rates Jump Above 7% for the First Time This YearRates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.
Source: U.S. Mortgage Rates Jump Above 7% for the First Time This Year (https://www.nytimes.com/2024/04/18/business/mortgage-rates.html)