Report: US mortgage rates top 7% for first time in 20 months

The Guardian — World has covered a development concerning “Report: US mortgage rates top 7% for first time in 20 months,” with the available account limited to the facts included in the supplied text.

Increase comes following Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages US mortgage rates surpassed 7% for the first time since January 2025, as reported by federal lender Freddie Mac, aggravating a housing market that has endured years of high interest rates and low supply. The report also notes that The increase comes following the US Federal Reserve hiked interest rates , which directly affect mortgage rates, for the first time since 2023, citing high inflation.

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