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Benchmark mortgage rate tops 7 percent

Benchmark mortgage rate tops 7 percent

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Benchmark mortgage rate tops 7 percent The benchmark 30-year fixed mortgage rate is 7.03 percent this week, up from 6.95 percent last week, according to data from Freddie Mac.   AP Photo/Matt Rourke, File It marks the…

Sep 24, 2026 · byThe Hill
Benchmark mortgage rate tops 7 percent, highest in 2 years

Benchmark mortgage rate tops 7 percent, highest in 2 years

The average 30-year mortgage rate has surpassed 7 percent, marking the first time it has done so since January 2025. The benchmark 30-year fixed mortgage rate is 7.03 percent this week, up from 6.95 percent last week, according to data from Freddie Mac. It marks the fifth-consecutive weekly rise in mortgage rates, and the first…

Sep 24, 2026 · byThe Hill
US mortgage rates top 7% for first time in 20 months

US mortgage rates top 7% for first time in 20 months

Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages US mortgage rates surpassed 7% for the first time since January 2025, according to federal lender Freddie Mac, aggravating a housing market that has endured years of high interest rates and low supply. The increase comes after the US Federal Reserve hiked interest rates , which directly affect mortgage rates, for the first time since 2023, citing high inflation. Continue reading...

Sep 24, 2026 · byThe Guardian