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Housing affordability takes another hit as mortgage rates cross 7%
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- Published
- Sep 25, 2026, 4:26 PM UTC
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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed…
Steadily rising mortgage rates are adding to the housing market’s longstanding struggles with affordability.
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