By — Amna Nawaz Amna Nawaz By — Jackson Hudgins Jackson Hudgins By — Molly Mazilu Molly Mazilu Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/high-mortgage-rates-compound-housing-affordability-challenges Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Audio The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. Listen to this Segment By — Amna Nawaz Amna Nawaz Amna Nawaz serves as co-anchor and co-managing editor of PBS News Hour. @IAmAmnaNawaz By — Jackson Hudgins Jackson Hudgins By — Molly Mazilu Molly Mazilu