Prashant Gopal

A major housing affordability law is now in effect, despite President Trump refusing to sign it.

Mortgage rates in the U.S., already the highest in almost a year, rose for a third week, squeezing affordability as home price growth accelerates.

Mortgage rates in the US, already the highest in almost a year, rose for a third week, squeezing affordability as home price growth accelerates.

U.S. mortgage rates rose to a 12-month high as Treasury yields climbed in recent weeks and continued fighting in Iran fueled concern about higher inflation.

U.S. mortgage rates rose to a 12-month high as Treasury yields climbed in recent weeks and continued fighting in Iran fueled concern about higher inflation.

The property market has been held back in recent months by elevated borrowing costs, which had fallen below 6% in late February before the Middle East conflict boosted energy prices. The war contributed to a disappointing spring sales season, and the market has continued to soften. Pending sales fell to their lowest level since early April during the four weeks ended July 26, according to data from brokerage Redfin.

News July 30, 2026 at 01:24 PM Share & Print What You Need To Know U.S. mortgage rates rose to a 12-month high as Treasury yields climbed and continued fighting in Iran.

Borrowing costs are continuing to weigh on the domestic housing market.

Fidelity Investments opened a new waterfront headquarters in Boston this week, a splashy foothold in a city that’s still struggling with elevated office vacancies years after the Covid-19 pandemic.

Fidelity Investments has opened a new waterfront headquarters in Boston's Seaport district as it shifts employees toward full-time office work. The company now requires Boston employees to work in the office five days a week and will retain both its new 735,000-square-foot headquarters and existing 855,000-square-foot downtown location to accommodate more than 6,000 workers. Designed around collaboration, the new facility includes shared workspaces, cafes, courtyards, health facilities and other amenities. The move comes as Fidelity's assets under management reached $7.8 trillion and its Boston workforce grew 24% from 2016 to 2025, reinforcing the company's commitment to the city.