U.S. 30-Year Fixed Mortgage Rates Approach 7% Amid Global Bond Sell-Off

The weekly average rate for a 30-year fixed-rate mortgage in the U.S. climbed to 6.71% as of Thursday, marking a 0.05-percentage-point increase from the previous week and reaching its highest level in over a year, according to Freddie Mac. This rise is attributed to a global sell-off in government bonds, pushing mortgage rates closer to 7%, a level not widely seen since January 2025.