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US mortgage rates top 7% for first time in 20 months — Markets Report

By Jahidul Islam • September 26, 2026 • 3 min read

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Business & Finance 25/09/2026, 10:56 PM EST

US mortgage rates top 7% for first time in 20 months — Markets Report

BNewsO [Business & Finance]: Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wagesUS mort...

By Md. Jahidul Islam

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US mortgage rates top 7% for first time in 20 months — Markets Report — BNewsO Report

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WASHINGTON, D.C. — Comprehensive coverage of the latest developments in the Business & Finance sector.

Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wagesUS mortgage rates surpassed 7% for the first time since January 2025, according to federal lender Freddie Mac, aggravating a housing market that has endured years of high interest rates and low supply.The increase comes after the US Federal Reserve hiked interest rates, which directly affect mortgage rates, for the first time since 2023, citing high inflation. Continue reading...