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US mortgage rates hit 6.95%, highest in 19 months, squeezing homebuyers' budgets amid Fed rate hikes.

Market News
17 Sep 2026
New York Post
View Source
Bearish
US mortgage rates hit 6.95%, highest in 19 months, squeezing homebuyers' budgets amid Fed rate hikes.

US mortgage rates have climbed for the fourth consecutive week, with the average 30-year fixed rate reaching 6.95%, the highest level since January 2025. Rising borrowing costs are limiting homebuyers' purchasing power and causing many to delay buying. This increase is driven by higher inflation expectations, surging oil prices, and the Federal Reserve's recent interest rate hike aimed at controlling inflation. The Fed's move signals potential further rate increases, which could keep mortgage rates elevated and continue to pressure the housing market, already struggling with high prices and low inventory.

Mortgage rates nearing 7% mark a peak not seen since January 2025, reflecting rising borrowing costs that affect homebuyers. For readers following the US real estate sector, here is Pluang's market snapshot as of Sep 17, 2026 22:22 WIB: out of 22 priced US real estate stocks, 20 rose and 2 fell. Notable movers include SPG (Simon Property Group Inc) at USD 205.14 with a 1-day change of +1.08%, IIPR (Innovative Industrial Properties Inc) at USD 56.50 with 100% sell order activity, and PSA (Public Storage) at USD 297.49 up +0.95%.

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