US 30-year mortgage rates top 7%, highest in Trump presidency
mortgage rates have exceeded 7.0 percent, data showed Thursday, reaching their highest level since Donald Trump returned to the presidency as voters grapple with high costs of living ahead of midterm elections. War in the Middle East, which unfolded after U.S.-Israel strikes on Iran in late February, has caused fuel prices to surge as Tehran retaliated by blocking a vital waterway for energy transit.
