Mortgage rates hit a new high for 2026, marching closer to 7%
By Samantha Delouya, CNN (CNN) — The global sell-off in the bond market is hitting the housing market, with US mortgage rates surging to their highest level of the year. That’s putting fresh pressure on home shoppers and homeowners hoping to refinance. The average 30-year fixed mortgage rate rose to 6.71% this week, ac