The average 30 year mortgage rates just jumped above 7% Monday.

The rise came right after Moody’s downgrade of the U.S. credit rating Friday.

Despite Fed rate cuts last year, mortgages still shadow the 10 year Treasury bond.

Should you panic? Nope.

While this is trying to push your dream home out of reach, it won’t be for long. The economic reset that’s coming will fix this corrupt banking/mortgage system.

CBS News reports:

The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody’s downgraded the U.S. credit rating on Friday over concerns about the government’s growing debt levels.

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It’s the first time since April 11 that the average 30-year mortgage rate has jumped above 7%, according to Mortgage News Daily, which covers the home loan industry. The rate eased slightly later in the day, settling in at about 6.99%, the trade publication’s data shows.

Despite the Federal Reserve’s interest rate cuts last year, mortgage rates have remained near their 25-year peak because they tend to track the 10-year Treasury bond, which is sensitive to economic conditions. With Moody’s downgrade on Friday, the markets slipped in early trading and the yield on the 10-year Treasury jumped above 5%, the highest since late 2023.

Stock and bond prices trimmed their losses as the day progressed, with the S&P 500 reversing from a loss of 1.1% to a modest gain of 0.2%.

Because the nation’s debt issues are so well known already, investors have likely already accounted for them, according to Brian Rehling, head of global fixed income strategy and other analysts at Wells Fargo Investment Institute. The advisory firm expects “limited additional market impact” following the initial reactions to the Moody’s move.

Breaking: Mortgage rates cross back over 7% after U.S. credit downgrade

Pending sales of existing homes in April, counted by signed contracts, dropped 3.2% compared with April of last year.

Homebuilder sentiment is now at the lowest level since the end of 2023. pic.twitter.com/YcRNlXMoHA

— Doge from Wall Street (@DOGEfromWS) May 19, 2025

If President Trump got it to 2.6% before, he can do it again. And I’m willing to bet it will be even better.

Trump:

“If you’re young and looking to buy a home, the 30 year mortgage rate is at almost 8%, when I left office it was at 2.6%.” pic.twitter.com/BD3vjics2h

— Jessica (@RealJessica05) May 11, 2024

But Jews don’t need to worry about this since they have the option to get 0% interest loans:

Community notes tries to explain it away:

Community notes: jews don’t have a law that gets them free loans, they just are able to obtain loans that don’t have interest attached to them, it’s totally different pic.twitter.com/dglPTHH0QZ

— 𝐸𝐵 (@___eb__) February 1, 2024

This is a Guest Post from our friends over at WLTReport.

View the original article here.