Higher U.S. borrowing and diesel costs add pressure to weak housing demand
The average 30-year U.S. mortgage rate has reached its highest level in months, while diesel prices are reportedly hitting record highs for many farmers. These developments add to cost pressures alongside elevated housing inventory and weak buyer demand.
By DoomRadar · Published on DoomRadar .
Why it matters
Higher financing and fuel costs could further weaken housing activity and squeeze farm incomes, with broader effects on U.S. consumption and inflation.
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