US Mortgage Rates Rise to 6.97%, Highest In More Than a Year — Live Feedhttps://www.live-feeds.com/feed/us-mortgage-rates-rise-to-6-97-highest-in-more-than-a-yearContinuously updated, source-cited coverage. US Mortgage Rates Hit 6.97%, Reaching Highest Level in Over a Yearhttps://www.live-feeds.com/feed/us-mortgage-rates-rise-to-6-97-highest-in-more-than-a-yearhttps://www.live-feeds.com/feed/us-mortgage-rates-rise-to-6-97-highest-in-more-than-a-year#u74290Fri, 18 Sep 2026 09:11:19 +0000United States mortgage rates climbed to 6.97 percent, marking the highest level in over a year and the fourth consecutive week of increases. The surging interest rates are straining the stagnant housing market, reducing buyer purchasing power by hundreds of dollars per month and driving mortgage demand down 19 percent from a year ago. Home shoppers and sellers face rising costs and new market hurdles ahead of anticipated Federal Reserve decisions.Why it mattersThe recent upward trajectory in long-term home loan costs compounds affordability challenges for buyers who have waited months for reli