Data: Freddie Mac; Chart: Tory Lysik/Axios
Mortgage rates have breached 6%, the latest avatar of an inflation-throttled economy that, even with its mounting challenges, is squeezing homeowners and leaving potential buyers with few affordable options.
Why it matters: There's little relief in sight for renter or homeowner sticker-shock, as inflation puts the Federal Reserve squarely on the path toward higher interest rates, even as the economy loses momentum.
