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FRI, 25 SEPT · 76 ITEMS
Financial Times, Semafor Africa, Yahoo Finance + 9 more · Geopolitics & Markets
12 outletsUS mortgage rates have climbed above 7% for the first time in over a year, driven by a sharp rise in long-term Treasury yields. The mortgage rate, typically tied to the , surged after that benchmark hit its highest level since 2007, reflecting market expectations of persistent inflation and further Federal Reserve rate hikes. The 30-year Treasury yield also rose but is less directly linked to mortgage pricing.
The core claim—mortgage rates above 7%—is well-supported by Freddie Mac's weekly survey and corroborated by multiple outlets including the Financial Times, CNBC, and NPR. However, the highlight specifically says '30-year Treasury yield hits 20-year high,' which conflicts with most reporting: the 10-year Treasury yield reached a 19-year high, while the 30-year yield has not hit a 20-year high in this cycle. This appears to be a labeling error in the headline; the underlying bond-market surge is real and well-documented.
Genuinely new as of the week ending September 24, 2026; mortgage rates crossed the 7% threshold for the first time since January 2025, and the Treasury yield spike occurred on September 23, 2026.
We covered the 10-year Treasury yield hitting a 19-year high on September 24, 2026, which is the same bond-market move driving these mortgage rates. On September 3, 2026, we also reported on the global bond sell-off that had pushed the US 30-year yield to its highest since 2006.