US fixed 30-year mortgage rate jumps to 7.12%, MBA says - Yahoo Finance

US fixed 30-year mortgage rate jumps to 7.12%, MBA says A for sale sign is shown for a residential home in Encinitas, California, U.S. July 25, 2025. REUTERS/Mike Blake · Reuters By Ann Saphir Wed, September 23, 2026 at 7:02 AM EDT 1 min read CL=F +1.52% By Ann Saphir

Sept 23 (Reuters) - The rate on the most popular US home loan rose last week to its highest ‌in more than two years, after the Federal Reserve lifted ‌short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields ​that underpin residential borrowing costs.

The average 30-year fixed-rate mortgage jumped 15 basis points to 7.12% in the week ended September 18, the Mortgage Bankers Association said on Wednesday. It was last higher in May 2024.