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

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

The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.

Sep 24, 2026

Mortgage rates surpass 7% in blow to housing market

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 […]

Sep 24, 2026