Average mortgage rate hits 7.5%
Mortgage interest rates have risen to above 7%, marking their highest level in a considerable time and the first time they've exceeded this threshold since early 2025. This increase is putting additional pressure on the housing market, which was already experiencing reduced activity. The higher borrowing costs make mortgages more expensive for people seeking to buy homes.
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6 viewpointsAmerica In Focus: money pressures climb as mortgage rate tops 7%, bond yields rise
30-Year Mortgage Rates Surpass 7% After Rising for 5 Weeks
Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
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12 viewpointsHousing affordability faces deeper squeeze as mortgage rates reach 7%
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2 viewpointsMortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
30-year mortgage rates surpass 7% after rising for 5 weeks
Mortgage rates top 7% for first time since January 2025 in blow to homebuyers
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