Benchmark mortgage rate tops 7 percent, highest in 2 years

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Today's Top Stories - September 24, 2026

Today's Top Stories - September 24, 2026

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 time it has reached 7 percent since the week ending Jan. 16, 2025 — days before President Trump returned to office.

Mortgage rates still have a ways to go before reaching the 25-year high of 7.79 percent reached in October 2023. But with inflation remaining above the Federal Reserve’s 2 percent target and........

© The Hill