Daily Market Updates: Mortgage rates jump to 7.03% as housing affordability worsens

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At close · Thu, Sep 24, 2026

Real Estate

Home›Real Estate›Mortgages›Mortgage rates jump to 7.03% as housing affordability…

Mortgage rates jump to 7.03% as housing affordability worsens

The average 30-year mortgage rate rose to 7.03%, according to NYT Business data cited in its report.

Reported · Written up by our desk · Mortgages

NYT Business reports that the average 30-year mortgage rate in the United States climbed to 7.03 percent.

The outlet links the move to pressures tied to the Iran war, saying it is weighing on an already weak housing market.

As mortgage costs rise, the report says housing affordability faces renewed strain.

← Newer storyBetter Home & Finance faces securities class action over loan volume…Older story →BoE deputy warns rates may need to rise as energy inflation persists

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Sources

NYT BusinessMortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market

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