US mortgage rates top 7% for first time since January 2025
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Neutral summary
The average rate on a 30-year US mortgage reached 7.03% for the week ending September 24, the highest level since January 2025, when it stood at 7.04%. The rate rose for the fifth straight week, up from 6.95% the previous week, according to Freddie Mac data. CNBC reported that the 30-year fixed rate jumped sharply on Thursday to 7.45%, the highest level since April 2024. Analysts attribute the increase to rising Treasury yields and inflation expectations fueled by the war in Iran. Some experts quoted by MarketWatch say 8% mortgage rates are “not an impossibility.” The rise comes ahead of midterm elections and reduces household borrowing capacity, forcing developers to offer discounts. According to South China Morning Post, the rate was 6.30% a year earlier. A senior economist at Realtor.com told CBS News rates are “far more likely to go up than down by the end of the year.”
How it was framed
Outlets: 15. Countries: 6. Facts in the shared core: 2.
Publication timeline
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The New York Times (outlet profile)
Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market. The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.
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Newsweek (outlet profile)
Mortgage Rates Break 7% Threshold: What It Means For Millions of Homeowners. “The highest mortgage rates in more than a year and a half are landing on a market that is in the midst of a slowdown.”
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The Independent (outlet profile)
Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%. The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest afford…
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Financial Times (outlet profile)
US mortgage rates breach 7% as affordability pressures mount. Surging yields on government bonds and rising oil prices from the war in Iran drive inflation fears as national elections near
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New York Post (outlet profile)
Mortgage rates top 7% for first time since January 2025 in blow to homebuyers. The average rate is now the highest its been since Jan. 16, 2025, when it was at 7.04%.
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El Economista (outlet profile)
Las tasas hipotecarias en EU superan el 7% y tocan su nivel más alto de la presidencia de Trump. Los tipos de interés de las hipotecas en Estados Unidos están por encima del 7%, según datos publicados por un gigante del…
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The Hill (outlet profile)
Benchmark mortgage rate tops 7 percent, highest in 2 years. The average 30-year mortgage rate has surpassed 7 percent, marking the first time it has done so since January 2025. The benchmark 30-year fixed mortgage rate…
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CBS News (outlet profile)
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.
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BFMTV (outlet profile)
Le coût des crédits immobiliers sur 30 ans dépasse 7% aux États-Unis, au plus haut depuis l'arrivée au pouvoir de Donald Trump. Le coût des crédits immobiliers à 30 ans a dépassé jeudi le seuil symbolique de 7% aux État…
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MarketWatch (outlet profile)
8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges. With the 10-year Treasury up sharply and the outlook for the U.S. economy looking unclear, some say 8% mortgage rates are back on the table.
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South China Morning Post (outlet profile)
US 30-year mortgage rates top 7%, highest in Trump presidency. US mortgage rates have exceeded 7.0 per cent, data showed Thursday, reaching their highest level since Donald Trump returned to the presidency as voters gra…
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The Hill (outlet profile)
Benchmark mortgage rate tops 7 percent. Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Benchmark mortgage rate tops 7 percent The…
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Newsweek (outlet profile)
America Has a Buyers’ Market They Can’t Afford. Mortgage rates above 7% are giving active buyers more leverage even as they price millions of would-be buyers out of the market.
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The New York Times (outlet profile)
Trump Hosts China’s Leader for a State Visit. Also, mortgage rates hit 7 percent. Here’s the latest at the end of Thursday.
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Clarín (outlet profile)
Tipos hipotecarios en EE.UU. suben al 7,03 %, su máximo en el segundo mandato de Trump. Las tasas hipotecarias a 30 años en EE.UU. alcanzaron 7,03 %, el nivel más alto desde enero de 2025, según datos de Freddie Mac. El…
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CNBC (outlet profile)
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.
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La Tribune (outlet profile)
Aux États-Unis, le retour du crédit immobilier à 7 % politise la dette. Le taux moyen des prêts immobiliers américains à 30 ans a atteint 7,03 % le 24 septembre, son plus haut niveau depuis janvier 2025. Cette remontée,…
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El Economista (outlet profile)
¿Quieren vender casas a los ‘gringos’?. Los estadounidenses se toparon ayer con una noticia en varios medios: las hipotecas a 30 años en Estados Unidos superaron la tasa del 7% por primera vez en casi dos años.
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Euronews (outlet profile)
European bond yields ease after sell-off as US mortgage rates hit a high in Trump’s term. European government bond yields eased on Friday morning, pulling back from a brutal sell-off earlier in the week, even as US Trea…
Factual core
- Mortgage rates in the United States have risen back above 7%.
- US 30-year fixed-rate mortgage rates exceeded 7.0 percent as of Thursday.