Business

30-Year Mortgage Rates Reach Over 7%

Updated 2026-09-10 16:40 UTC 1 source Negative

The average rate on the 30-year fixed mortgage surpassed 7% for the first time in over a year. This increase is linked to rising home prices and declining sales.

Coverage timeline — 1 article

CNBC

30-year fixed mortgage rate tops 7% for the first time in over a year

The average rate on the 30-year fixed mortgage crossed over 7% for the first time in more than a year, as home prices continue to rise and sales drop.

2026-09-10 16:29 UTC