✉news BusinessReal Estate first seen 17 h ago, last 6 h ago, peak #12
US Mortgage Rates Cross 7% Again
Original: Mortgage Rate Tops 7% for the First Time Since Early 2025
The average 30-year mortgage rate has climbed above 7%, reaching that level for the first time since early 2025. The renewed rise in borrowing costs comes as a setback for homebuyers and could further pressure an already strained housing market, with affordability concerns back at the center of debate among buyers, lenders and policymakers.
Why now: Rising borrowing costs directly affect home affordability, making the rate threshold a talking point for buyers and the housing market.
30-year mortgage rateUS housing market
Rank over time, top of the chart is #1. 9 snapshots from 17 h ago to 6 h ago.
Evidence
- Mortgage Rate Tops 7% for the First Time Since Early 2025 · Habitat Magazine
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