Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7% — Live Feedhttps://www.live-feeds.com/feed/nearly-10-of-borrowers-opted-for-riskier-mortgages-last-week-as-rates-soared-over-7Continuously updated, source-cited coverage. U.S. 30-Year Mortgage Rates Hit Two-Year High Above 7%https://www.live-feeds.com/feed/nearly-10-of-borrowers-opted-for-riskier-mortgages-last-week-as-rates-soared-over-7https://www.live-feeds.com/feed/nearly-10-of-borrowers-opted-for-riskier-mortgages-last-week-as-rates-soared-over-7#u83321Fri, 25 Sep 2026 03:15:21 +0000U.S. 30-year fixed mortgage rates reached 7.12%, the highest level since May 2024. This surge above the 7% threshold coincided with nearly 10% of borrowers choosing riskier mortgage options last week. While rates saw a slight dip to 7.11% by September 23, 2026, they remained elevated. The Mortgage Bankers Association reported the 7.12% peak, marking a significant increase that has pushed borrowing costs to a more than two-year high.Why it mattersRising mortgage rates increase monthly payments for homebuyers and reduce overall affordability. This trend occurs as general expenses rise across the