Mortgage Rates Soar Past 7% for First Time in 2 Years

September 25, 2026
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    Mortgage Rates Top 7% for First Time in More Than 2 Years

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The 30-year fixed mortgage rate is averaging 7.45%, its highest level in more than two years, making it even harder for Americans to jump into the housing market. NBC’s Christine Romans joins TODAY to break down why rates are rising and what it means for borrowers and savers.



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