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News 2026-09-23 14:20 UTC

US 30-year mortgage rate tops 7%, hits 2-year high

By Ann SaphirThe rate on the most popular US home loan rose last week to its highest in more than two years and pierced the 7% level for the first time since the first week of President Donald Trump's term, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising o…