US mortgage rates top 7% for first time in 20 months
Direct Source Verification:
This story is aggregated from The Guardian (theguardian.com). Full reporting rights and copyright belong to the primary publisher.
Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wagesUS mortgage rates surpassed 7% for the first time since January 2025, according to federal lender Freddie Mac, aggravating a housing market that has endured years o...
Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages
US mortgage rates surpassed 7% for the first time since January 2025, according to federal lender Freddie Mac, aggravating a housing market that has endured years of high interest rates and low supply.
The increase comes after the US Federal Reserve hiked interest rates, which directly affect mortgage rates, for the first time since 2023, citing high inflation.
Continue reading...Original Source
https://www.theguardian.com/business/2026/sep/24/mortgage-rates-housing-market
