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

The average rate reached 7.03 percent, driven by Federal Reserve hikes and rising bond yields, further suppressing the housing market.

8 publishers · 10 articles · first seen 22 Sept 2026 · updated 44d ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

This story has stopped developing; this page is its permanent record. More from that day

The odds

How the odds moved · Will the U.S. 30-year Fixed-Rate Mortgage hit 7.00% (HIGH) by December 31, 2026?
0%50%100%100%23 Sept, 18:41 UTCnowThe Hill: Benchmark mortgage rate tops 7 percent · 24 Sept, 20:43 UTCThe Hill: Benchmark mortgage rate tops 7 percent, highest in 2 years · 24 Sept, 17:06 UTCThe Guardian US: US mortgage rates top 7% for first time in 20 months · 24 Sept, 16:31 UTCNews Feed: US mortgage rates breach 7% as affordability pressures mount · 24 Sept, 16:12 UTCSouth China Morning Post: US 30-year mortgage rates top 7%, highest in Trump presidency · 24 Sept, 19:52 UTCMarketWatch: 8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges · 24 Sept, 18:29 UTCQuartz: U.S. mortgage rates surged past 7% for the first time in nearly two years · 24 Sept, 16:22 UTC

Each tick is a source publishing on this story · 3 more published before price tracking began

Price data
TimeChance of yes
now100%
24 Sept, 18:41 UTC100%
23 Sept, 18:41 UTC90%

The story so far

8 publishers have covered this in 10 articles since 22 Sept 2026. Fortune published first, on 22 September at 19:50 UTC; Bloomberg Markets followed 15h 10m later. The most recent article, from The Hill, appeared on 24 September at 20:43 UTC.

Outlets reporting it: Bloomberg Markets (major outlet), News Feed (major outlet), The Guardian US (major outlet), The Hill (major outlet), Fortune, Quartz, MarketWatch, South China Morning Post.

One prediction market prices this story:

  • Will the U.S. 30-year Fixed-Rate Mortgage hit 7.00% (HIGH) by December 31, 2026? — resolved “Yes” on 24 Sept 2026. The market resolves to Yes if Freddie Mac reports a rate of 7.00% or higher in any weekly survey ending on or before December 31, 2026. It resolves to No if that threshold is never reached by the final published data for that period. Readers often mistake the linked news headline as proof of resolution, but only Freddie Mac's official weekly Primary Mortgage Market Survey counts.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.

How it unfolded

Every source in the order it published, with the odds on Will the U.S. 30-year Fixed-Rate Mortgage hit 7.00% (HIGH) by December 31, 2026? at that moment. A dash means the source published before we started tracking prices.

  1. FortuneMortgage rates are nearing 7%, delivering another blow to a housing market already losing buyers and facing stalled sales—
  2. Bloomberg MarketsUS Mortgage Rates Surge Above 7% to a More Than Two-Year High—
  3. QuartzU.S. mortgage rates surged above 7% to their highest level in over two years—
  4. News FeedUS mortgage rates breach 7% as affordability pressures mount90%
  5. QuartzU.S. mortgage rates surged past 7% for the first time in nearly two years90%
  6. The Guardian USUS mortgage rates top 7% for first time in 20 months90%
  7. The HillBenchmark mortgage rate tops 7 percent, highest in 2 years90%
  8. MarketWatch8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges90%
  9. South China Morning PostUS 30-year mortgage rates top 7%, highest in Trump presidency100%▲10 points since the previous source
  10. The HillBenchmark mortgage rate tops 7 percent100%
  11. Market resolved: Yes

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Benchmark mortgage rate tops 7 percent The Hill ·
  2. Benchmark mortgage rate tops 7 percent, highest in 2 years The Hill ·
  3. US mortgage rates top 7% for first time in 20 months The Guardian US ·
  4. US mortgage rates breach 7% as affordability pressures mount News Feed ·
  5. US Mortgage Rates Surge Above 7% to a More Than Two-Year High Bloomberg Markets ·
  6. US 30-year mortgage rates top 7%, highest in Trump presidency South China Morning Post
Show 4 more sources
  1. 8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges MarketWatch
  2. U.S. mortgage rates surged past 7% for the first time in nearly two years Quartz
  3. U.S. mortgage rates surged above 7% to their highest level in over two years Quartz
  4. Mortgage rates are nearing 7%, delivering another blow to a housing market already losing buyers and facing stalled sales Fortune

Related prediction markets

Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right

  • Resolved Will the U.S. 30-year Fixed-Rate Mortgage hit 7.00% (HIGH) by December 31, 2026? Yes 44d ago

    The market favoured Yes at 90% a day out, and it won. How often it's right

    Wrong market?

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