The 30-year mortgage rate in the United States has risen to a nearly one-year high, putting ongoing pressure on homebuying demand.

According to the Zhitong Finance APP, U.S. mortgage rates have risen for the fifth consecutive week, reaching the highest level of the year. Against the backdrop of ongoing tensions in the Middle East, the Federal Reserve maintaining interest rates, and rising market concerns about inflation, U.S. long-term Treasury yields remain high, further increasing the cost of mortgage financing and placing greater pressure on an already weak real estate market.