US 30-Year Mortgage Rates Top 7% for First Time Since January 2025

US 30-year mortgage rates topped 7% for the first time since January 2025, Freddie Mac reported September 24, 2026. The rise followed the Federal Reserve's quarter-point hike September 16 to 3.75%-4%, its first since 2023 on high inflation. Treasury yields, the government borrowing benchmark, hit multi-decade highs the same day, while August existing home sales fell to a 2026 low.