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30-year fixed mortgage
Trends
- 130-Year Mortgage Rates Rise to 7.33%▼Mortgage Rates Today, September 29, 2026: 30-Year Rates Climb to 7.33%
The average 30-year fixed mortgage rate climbed to 7.33% as of September 29, 2026, according to daily rate tracking reported by The Wall Street Journal. The uptick means higher monthly payments for prospective homebuyers and those looking to refinance, adding to affordability pressures in the housing market.
- 2How Social Security Boosts Mortgage Buying Power▼His $3,000 Social Security Check Can Count as $3,113 to a Mortgage Lender. That Matters More With Rates Back Above 7%
Mortgage lenders allow retirees to gross up Social Security income: a $3,000 monthly check can be counted as $3,113 because it is tax-free income. With 30-year mortgage rates climbing back above 7%, that extra qualifying income matters more, since higher rates shrink how much house a borrower can afford. Financial writers are highlighting the gross-up rule as a way retirees on fixed incomes can maximize their borrowing power despite expensive borrowing conditions.