Mortgage Rates Break Above 7% as Rising Borrowing Costs Pressure Homebuyers
Mortgage rates have climbed for a fifth consecutive week, pushing the average rate on a 30-year U.S. home loan above 7% for the first time since January 2025. According to mortgage buyer Freddie Mac, the average 30-year fixed rate mortgage rose to 7.03% this week, up from 6.95% the previous... more
