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Mortgage rates surge over 7% as tariffs hit bond market

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Summary
Nutrition label

70% Informative

The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1% .

That's the highest rate since mid-February .

Mortgage rates follow loosely the yield on the 10-year Treasury .

"Forget about housing in this environment," says Nancy Lazar , chief economist at Piper Sandler .

VR Score

82

Informative language

89

Neutral language

11

Article tone

formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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