The average contract interest rate for 30-year fixed-rate mortgages in the United States has risen to 7.12%, up from 6.97% previously, according to data updated on 23 September 2026. The move takes the key benchmark for U.S. home loans further above the closely watched 7% threshold.
The increase in the MBA 30-Year Mortgage Rate underscores ongoing pressure in borrowing costs for homebuyers, potentially weighing on affordability and cooling demand in an already strained housing market. The latest uptick suggests that financing conditions remain tight, with buyers and refinancers continuing to face elevated costs compared with recent years’ low-rate environment.
