Mortgage rates rise above 7% for first time since Jan. 2025

By PBS NewsHour

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Mortgage rates are now above 7% for the first time since early last year. Mortgage giant Freddie Mac said Thursday that the average 30-year, fixed-rate mortgage is 7.03%. Rates were heading below 6% earlier this year, but have been rising steadily since the start of the Iran war. Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show. Sign up for Here's The Deal with Lisa Desjardins: https://to.pbs.org/41q6E8i Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe PBS News podcasts: https://www.pbs.org/newshour/podcasts Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS News at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok: https://www.tiktok.com/@pbsnews X: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Facebook: https:/

Tags: News, mortgage, mortgage rates, housing, economy, economics, housing market, iran, iran war, pbs, pbs news, pbs news hour, news

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