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EconomyMortgage rates rise for fifth straight week, pushing 30-year average above 7%

The average U.S. long-term mortgage rate climbed above 7% this week for the first time since January 2025. The fifth consecutive weekly increase adds another affordability setback for prospective homebuyers.

U.S. economymortgage rateshousing market

TThe Associated Press★★★☆☆2026-09-24 23:00Original

Mortgage rates rise for fifth straight week, pushing 30-year average above 7%
Mortgage rates rise for fifth straight week, pushing 30-year average above 7%Economy