2 articles tagged 30 year mortgage rate 7 percent
SEPT
16
Adjustable-rate mortgage market share hit 8.5% of US new mortgage applications on September 16, 2026 — up from 5.4% six months earlier. The shift is forcing first-time buyers and refinancers to choose between paying 30-year fixed rates near 7.1% or accepting ARM lifetime caps with a 5/1 or 7/1 reset structure.
SEPT
16
The 10-year US Treasury yield broke above 5% on September 16, 2026 — the first time since June 2007. The yield jump is driving 30-year fixed mortgage rates toward 7.1%, ARM share to 8.5%, and tighter lending across Tier-1 mortgage markets from Canada to the UK to Australia.
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