Mortgage rates in the United States have surpassed 7% for the first time in nearly two years, as the housing market continues to reel from the ongoing Iran war.
The average 30-year mortgage rate rose from 6.3% to 7.03% in the span of a year, mortgage-loan company Freddie Mac said Thursday. The new data marks the first time that the average mortgage rate has exceeded 7% since January 2025.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.