U.S. benchmark 30-year fixed mortgage rates top 7% for the first time since January 2025, according to Freddie Mac data cited by multiple outlets. The current average is 7.03% for the week, up from 6.95% the previous week, marking continued upward movement.
Both sources describe the jump as part of a broader recent trend, noting that rates rise for a fifth consecutive week. The Independent frames the change as the highest benchmark rate recorded since Jan. 16, 2025. The Hill similarly reports that the 7% level is exceeded for the first time in nearly two years and highlights the week-to-week increase as well as the multi-week streak of increases.
