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September 18, 2026

Mortgage rates brush 7%, straining bleak housing market

By ALEX VEIGA
AP Business Writer

Home shoppers holding out for relief from rising mortgage rates may be in for a long wait.

The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed to just below 7% — its highest level in over 19 months.


 
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