Mortgage Rates

For sale sign is seen outside of a home in Arlington Heights, Ill., Wednesday, Sept. 16, 2026.

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Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28%

Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28%

The average long-term U.S. mortgage rate remained above 7% this week, reaching its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.34%. This is the sixth week in a row that mortgage rates have increased. The average rate is now the highest it’s been since Nov. 22, 2023, when it was at 7.29%.

America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high

America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high

U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the government reported Friday. Hiring dropped from a revised 133,000 in August, the Labor Department said. The unemployment rate rose to a still-low 4.2% from 4.1% in August. Meanwhile, the average long-term U.S. mortgage rate jumped this week to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in several years. A year ago, the average rate was 6.34%.