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The Piney Point

Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%

Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
Photo: KPRC 2 / Click2Houston (NBC) · view original

The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases. The weekly average rate on a 30-year fixed-rate home loan rose to 7.03% from 6.95% last...

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