Three Stocks Most at Risk as Mortgage Rates Surge Past 7%
US mortgage rates continued rising this month and are now at their highest level since January of last year. They have soared to 7.03%, much higher than this year's low of 5.98%.
Mortgage rates just hit their highest level in over a year at 7%. When borrowing money costs more, fewer people can afford to buy homes, which hurts home builders and real estate companies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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