Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28%
NEW YORK (AP) — 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. A year ago, the average rate was 6. 34%. It is the sixth consecutive week that mortgage rates have increased. The average rate is now the highest it’s been since Nov. 22, 2023, when it reached 7. 29%. Borrowing costs on 15-year fixed-rate mortgages, by...
Read MoreThu, 01 Oct 2026
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