Mortgage Rates Blast Past 7%: What Homebuyers Must Know

Hold onto your hats, folks! Mortgage rates have blasted past 7% for the first time since January 2025, now at 7.03%. Thanks to inflation and high Treasury yields, homebuyers are feeling the squeeze, with an extra $250 a month for that dream home. If your credit score is above 780, you might catch a break, but it's still a bumpy ride out there!