U.S. Mortgage Rates Jump Above 7% for the First Time This Year

U.S. Mortgage Rates Jump Above 7% for the First Time This Year

The New York Times - Business:

Rates 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.

This post first appeared in The New York Times - Business. Read the original article.