The 30-year mortgage rate just crossed 7% for the first time in over a year

Live updates

1. 1d ago

   30-Year Mortgage Rates Climb Above 7.1% Amid Inflation Fears

   The 30-year fixed mortgage rate has reached its highest level since January 2025, with reports citing figures between 7.155% and 7.17%. Rising Treasury yields and oil-driven inflation are pushing borrowing costs higher as markets anticipate a Federal Reserve interest rate hike on September 16. Swaps indicate an 87% probability of a hike while the 10-year Treasury yield approaches 5%. Homebuyers previously shifted toward adjustable-rate loans to manage these expenses, but the latest surge follows a Treasury buyback reaction and increased energy costs.

   Why it matters

   Mortgage rates typically track Treasury yields, which react to inflation data and Federal Reserve policy. Higher rates increase monthly payments for homebuyers and reduce the incentive for homeowners to refinance. Current geopolitical tensions between the US and Iran have pushed oil above $99 a barrel, further fueling inflation.

   What is confirmed

   • The 30-year fixed mortgage rate hit 7.17%, the highest level since January 2025.
   • Oil prices have risen above $99 a barrel due to Iran-US tensions.
   • Treasury yields and mortgage costs are increasing due to oil-driven inflation and Treasury buyback reactions.

   Still unconfirmed

   • The Federal Reserve may hike rates on September 16.
   • Swaps show an 87% chance of a rate hike as the 10-year Treasury nears 5%.
   • Fed chair Warsh faces pressure to hike after hotter-than-expected inflation and rising energy costs.

   What to watch next

   • Federal Reserve interest rate decision on September 16
   • Movement of the 10-year Treasury yield relative to the 5% mark
   Sources used for this update (8)

   1. startupfortune.com — Gold Faces a Fed Rate Hike Just as War Should Be Pushing It Higher
   2. finance.yahoo.com — A highly anticipated Fed meeting, war worries, and an unblinking stock market: What to watch this week
   3. www.briefs.co — Trump says U.S. should pay the world's lowest rates as Warsh feels heat to hike
   4. www.briefs.co — Founder Share Sales Put Hong Kong's Trust Tax Shift in the Spotlight
   5. www.fool.com — Breakfast News: Bubble Trouble – Or Just Noise?
   6. www.cnbc.com — 30-year fixed mortgage rate hits highest level since January 2025
   7. www.briefs.co — Mortgage Rates Tick Up After Bond Market Reaction, Zillow Shows
   8. www.briefs.co — Wall Street's Big Banks Say Stocks Can Handle Higher Rates
   confidence 90%
2. 3d ago

   30-Year Mortgage Rates Cross 7% for First Time in Over a Year

   The 30-year fixed mortgage rate has crossed 7% for the first time in over a year, reaching a 14-month high. Mortgage News Daily reports that 30-year fixed rates jumped to 7.07%. The surge in borrowing costs stems from rising bond yields and inflation data that dimmed hopes for a Federal Reserve interest rate cut. As fixed rates climb, some homebuyers are shifting toward adjustable-rate loans to cope with the rising expenses.

   Why it matters

   The spike in borrowing expenses arrives as the bond market fails to provide relief, driven by stubborn inflation indicators. Tight credit standards identified by Pew Charitable Trusts mean only near-perfect borrowers qualify for loans, pushing overall home sales toward a 31-year low. Meanwhile, major banks have finally adjusted their operations to hike fixed mortgage rates.

   What is confirmed

   • The 30-year fixed mortgage rate topped 7% for the first time in over a year.
   • The benchmark mortgage rate hit a 14-month high as bond yields continue to rise.
   • Thirty-year fixed rates jumped to 7.07%.
   • Some homebuyers are choosing adjustable-rate loans as mortgage rates rise.

   Still unconfirmed

   • Inflation data is dimming hopes for a Federal Reserve interest rate cut.
   • Pew Charitable Trusts found mortgage credit standards are so tight that only near-perfect borrowers qualify, pushing home sales toward a 31-year low.

   What to watch next

   • Upcoming Federal Reserve interest rate decisions and policy announcements
   • Further movements in bond yields and Treasury rates
   • Monthly housing market and home sales data releases
   Sources used for this update (13)

   1. marketplace.org — As mortgage rates rise, some homebuyers are choosing adjustable-rate loans
   2. CNBC — 30-year fixed mortgage rate tops 7% for the first time in over a year
   3. MarketWatch — The 30-year mortgage rate just crossed 7% for the first time in over a year
   4. Mortgage News Daily — 30yr Fixed Rates Jump to 7.07%
   5. Yahoo Finance — When will mortgage rates go down? The bond market isn't helping.
   6. Norada Real Estate Investments — Today's Mortgage Rates, September 11: Rates Jump as Inflation Data Dims Hopes for a Fed Cut
   7. Norada Real Estate Investments — Mortgage Rates Today, September 11, 2026: 30-Year Refinance Rate Drops by 13 Basis Points
   8. Financial Post — Big banks finally blink and hike fixed mortgage rates
   9. The Hill — Benchmark mortgage rate hits 14-month high as bond yields keep rising
   10. www.briefs.co — CFTC sets automatic 30% whistleblower cut for smaller payouts
   11. www.briefs.co — UK's richest now shoulder £100 billion more in income tax than after the crisis
   12. www.stl.news — Government Debt Is Squeezing American Consumers
   confidence 95%