The average U.S. interest rate on a 30-year mortgage has reached 7.45%, according to the post, marking a 150-basis-point increase over six months and the highest level since 2023. The post links the move to an accelerating bond-market "meltdown" and compares the current mortgage rate with 2023, when inflation was above 6.4%. It asks what is driving the increase and directs readers to an explanatory thread.