US 30-Year Mortgage Rate Climbs Above 7%

2026-09-24 16:11 By Larissa Caser 1 min. read

The US 30-year fixed-rate mortgage averaged 7.03% as of September 24th, 2026, rising above 7% for the first time since January 2025 and up from 6.95% in the previous week.

Following increasing concerns over inflationary pressures, broader selloffs in the global government debt market pushed the 10-Year Treasury note above 5% to the highest level in nearly two decades.

As a result, a climb in mortgage rates continues to weigh on prospective homebuyers.

Although lacking any particular economic significance, economists refer to the threshold as a psychological ceiling.

A year ago, the the 30-year fixed-rate mortgage averaged 6.3%.

Meanwhile, the 15-year fixed-rate mortgage averaged 6.42%, its highest level since May 2024, up from 6.26% last week.



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US 30-Year Mortgage Rate Climbs Above 7%
The US 30-year fixed-rate mortgage averaged 7.03% as of September 24th, 2026, rising above 7% for the first time since January 2025 and up from 6.95% in the previous week. Following increasing concerns over inflationary pressures, broader selloffs in the global government debt market pushed the 10-Year Treasury note above 5% to the highest level in nearly two decades. As a result, a climb in mortgage rates continues to weigh on prospective homebuyers. Although lacking any particular economic significance, economists refer to the threshold as a psychological ceiling. A year ago, the the 30-year fixed-rate mortgage averaged 6.3%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.42%, its highest level since May 2024, up from 6.26% last week.
2026-09-24
US 30-Year Mortgage Rate Rises Further
The US 30-year fixed-rate mortgage averaged 6.95% as of September 17th, 2026, rising for a fourth consecutive week and up from 6.76% in the previous week. The rate remains at its highest level since January 2025 and is inching closer to the 7% mark. A year ago, the 30-year fixed-rate mortgage averaged 6.26%. Following the Federal Reserve’s hike in its benchmark rate, borrowing costs show little sign of easing, weighing on prospective homebuyers. Meanwhile, the 15-year fixed-rate mortgage averaged 6.26%, also its highest level since January 2025, up from 6.09% last week and 5.41% a year earlier.
2026-09-17
US 30-Year Mortgage Rate Edges Higher
The US 30-year fixed-rate mortgage averaged 6.76% as of September 10th, 2026, up from 6.71% in the previous week. “Aspiring buyers should remember that shopping around for the best mortgage rate and getting multiple quotes can potentially save them thousands,” said Sam Khater, Freddie Mac’s chief economist. A year ago, the 30-year fixed-rate mortgage averaged 6.35%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.09%, up from 6.04% last week and 5.50% a year ago.
2026-09-10