Cointelegraph Alert: Mortgage rates climb to 7.61%, highest since November 2023

Mortgage rates rising to 7.61% tighten US financial conditions and raise the discount rate on risk assets. Higher borrowing costs typically pressure housing activity and broader consumption, reinforcing a higher-for-longer macro backdrop. For crypto, this environment can dampen liquidity and risk appetite, often weighing on high-beta assets and curbing near-term inflows into BTC and related exposures.