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Will Mortgage Rates Hit 7% As Borrowing Costs Keep Climbing?
B
Benzinga
May 20, 2026
Mortgage RatesSource: GNews
Mortgage rates hit 6.75% as Kobeissi warned inflation and Treasury yields could push rates above 7%.
The average U.S. 30-year fixed mortgage rate climbed to 6.75% on Tuesday, the highest level since July 2025, according to data from Mortgage News Daily, prompting warnings from analysts.
Market commentator The Kobeissi Letter warned the move could mark the beginning of another leg higher for borrowing costs.
Source Reference
Originally published by Benzinga
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