WashingtonThe 30-year mortgage rate reached 6.71%.
Freddie Mac says it’s the highest since July 2025, squeezing homebuyer affordability.
Mortgage rates track Treasury yields, which climbed on inflation fears tied to the Iran war and AI-linked borrowing demand.
The Fed meets 15-16 September to decide whether renewed inflation forces a rate hike.
Sources: Yahoo! Finance, Investing.com