US mortgage rates surpass 7% for first time in months
Summarised from 5 outlets · 8 reports · Updated 24 Sept, 23:20 · Archive
The 30-year fixed mortgage rate has exceeded 7% for the first time since earlier in 2025.
US mortgage rates have climbed above 7%, reaching their highest level since January 2025. Multiple outlets attribute the rise to surging government bond yields and rising oil prices linked to geopolitical tensions. As rates climb, more homebuyers are turning to riskier adjustable-rate mortgages, and economists suggest rates are likely to rise further before the end of the year.
How it is being reported
- 30-year fixed mortgage rate jumps sharply Thursday to 7.45%The 30-year fixed rate surged to 7.45%, the highest level since April 2024 as bonds sold off and yields rose.CNBC · 25 Sept, 00:08
- Mortgage rates are back above 7%. How much higher could they climb?Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.CBS News · 24 Sept, 18:15
- Mortgage rates top 7% for first time since January 2025 in blow to homebuyersThe average rate is now the highest its been since Jan. 16, 2025, when it was at 7.04%.New York Post · 24 Sept, 17:31
- US mortgage rates breach 7% as affordability pressures mountSurging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections nearFinancial Times · 24 Sept, 17:12
- Mortgage rates have just surpassed 7% for the first time in well over a yearRates have climbed more than a full percentage point since the U.S. war against Iran started.NPR · 24 Sept, 17:01
- Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran warThe 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's driving the spike.CBS News · 24 Sept, 02:07
- Mortgage rates top 7% for the first time since May 2024, MBA saysAs rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.CBS News · 23 Sept, 15:16
- How homebuyers can ‘rate-proof’ their budgets in a volatile mortgage marketMortgage rates are soaring, hitting an 18-month high of 6.95% last week, leaving homebuyers in “severe uncertainty.”New York Post · 22 Sept, 22:37
In this story: Mortgage Bankers Association · Realtor.com · United States
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log
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