https://www.live-feeds.com/feed/us-mortgage-rates-surge-above-7-to-a-more-than-two-year-highContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-mortgage-rates-surge-above-7-to-a-more-than-two-year-highhttps://www.live-feeds.com/feed/us-mortgage-rates-surge-above-7-to-a-more-than-two-year-high#u83482Fri, 25 Sep 2026 06:30:36 +0000US mortgage rates have climbed above 7%, reaching their highest level in more than two years. The Mortgage Bankers Association reports the fixed 30-year mortgage rate jumped to 7.12%. According to Mortgage News Daily, the average 30-year rate rose 9 basis points to 7.26% on Wednesday. This surge has pressured homebuyers, with nearly 10% of borrowers choosing riskier mortgage options last week as rates soared. Market analysts suggest several hurdles remain before rates can return to the 6% range.Why it mattersHigher borrowing costs reduce home affordability and put pressure on both buyers and s