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Mortgage rates hit 7.03%, highest since January 2025, driven by rising 10-year Treasury yields and inflation concerns.

Market News
24 Sep 2026
Fox Business
View Source
Bearish
Mortgage rates hit 7.03%, highest since January 2025, driven by rising 10-year Treasury yields and inflation concerns.

Mortgage rates in the U.S. have risen to 7.03% for the average 30-year fixed mortgage, the highest level since January 2025, according to Freddie Mac. The increase is linked to a surge in the 10-year Treasury yield, which reached a 19-year high of 5.11%, driven by inflation pressures and high oil prices. This rise in mortgage rates affects housing affordability and is expected to continue as inflation and geopolitical factors persist. The 15-year fixed mortgage rate also climbed to 6.42%.

Mortgage rates topping 7% is the subject here, with Pluang's Financials sector data providing market context. Of 85 priced US Financials stocks on Pluang, 16 rose and 67 fell. Notable movers include AVAT down 14.87%, LU up 13.52%, and APO down 4.33%. This snapshot is as of Sep 24, 2026 23:04 WIB.

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