Mortgage Rates Surge Past 7 Percent | Durham News

Mortgage rates just hit a wild 180 — soaring past 7% in two days, the biggest jump in a month and the highest since May 2025. The culprit? A spike in the 10-year Treasury yield, fueled by surging oil prices (Brent crude jumped over $7) and inflation worries. With geopolitical tensions rattling markets and the PCE report looming, expect more volatility — keep watching oil, inflation, and Fed moves.

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