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Mortgage rates are back above 7%
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- Published
- Sep 25, 2026, 12:39 PM UTC
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TL;DR: Rates fell today, but they’re still solidly above 7%.
Mortgage rates continue to rise, reaching their highest yearly average over the weekend. Would-be buyers should expect rate to remain elevated.
Bond yields rose this week pushing mortgage rates above 7 percent. That's another big challenge for the already limping US housing market.