U.S. Average Long-Term Mortgage Rate Surpasses 7% Milestone
The average long-term U.S. mortgage rate has risen above 7% this week, marking the first time this threshold has been crossed since January 2025.
Duluth Superior, MN, September 24, 2026 —
The average long-term interest rate for U.S. mortgages has climbed above the 7% mark this week. This development represents the first instance that this key financial benchmark has exceeded 7% since January of 2025. The precise daily average figures and specific lender participation details were not provided in the summary information. This rate increase signifies a notable shift in the housing market landscape, potentially impacting borrowing costs for prospective homebuyers and those looking to refinance existing mortgages. The summary provided did not specify the exact date this week the threshold was crossed, nor did it detail the factors contributing to the upward movement of mortgage rates.
Story summarized from the original created by Sue Holt on www.wdio.com, see more information here.
