Mortgage rates continue to climb, now back over 7%

Published on: 09/24/2026

This news was posted by Oregon Today News

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Higher mortgage rates can add hundreds of dollars a month to borrowers’ costs, limiting homebuyers’ purchasing power. As rates rise, that can also lead prospective home shoppers to delay buying.

The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases.

News Source : https://www.oregonlive.com/realestate/2026/09/mortgage-rates-continue-to-climb-now-back-over-7.html

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