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Mortgage Rates Rise Above 7%—What It Means For Home Buyers
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- Published
- Sep 25, 2026, 4:34 PM UTC
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The average mortgage rate is above 7% for the first time since January 2025. Compared with earlier this year, that interest rate means would-be homebuyers would pay hundreds more each month.
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases. The weekly average rate on a 30-year fixed-rate home loan rose to 7.03% from 6.95% last week, mortgage buyer…
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