https://www.live-feeds.com/feed/mortgage-rates-top-7-for-the-first-time-in-more-than-2-yearsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/mortgage-rates-top-7-for-the-first-time-in-more-than-2-yearshttps://www.live-feeds.com/feed/mortgage-rates-top-7-for-the-first-time-in-more-than-2-years#u84524Sat, 26 Sep 2026 01:30:13 +0000US 30-year fixed mortgage rates have climbed above 7%, reaching a high not seen in more than two years. Data from the Mortgage Bankers Association and Freddie Mac show rates hitting 7.12% and 7.03% respectively, while some reports place the average as high as 7.45%. This surge follows the Federal Reserve's first rate hike in three years. Consequently, nearly 10% of borrowers shifted to riskier mortgage options last week to manage the increased costs of borrowing.Why it mattersHigher rates increase monthly payments for homebuyers, reducing overall affordability in the housing market. This