US mortgage rates rise for sixth consecutive week to three-year high

US Government: The United States Government sets fiscal policy and oversees key agencies that shape economic conditions affecting borrowing costs across sectors. Through its influence on the Federal Reserve and government-sponsored enterprises such as Fannie Mae and Freddie Mac, it plays a central role in the mortgage market. Recent developments show administration efforts to support housing affordability amid broader market pressures driving rate increases. Housing Demand: Higher borrowing costs have reduced both homebuyer and refinance applications in recent periods. Policy Measures: Government-sponsored enterprises have expanded purchases of mortgage-backed securities to help stabilize the housing finance system. Mortgage Market Trends: Mortgage rates have risen for multiple consecutive weeks amid surging Treasury yields and shifting inflation expectations.