Mortgage rates cross back over 7% after U.S. credit downgrade

cnbc.com/2025/05/19/mortgage-rates-us-credit-downgrade.html

After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody's decision to downgrade the U.S. credit rating.
Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury.
The average rate…

This story appeared on cnbc.com, 2025-05-19 17:50:29.
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