ST. LOUIS, MO – September 16, 2026 (STL.News) American homebuyers face another major affordability setback as mortgage rates climb back to about 7%, driven by a sharp rise in U.S. Treasury yields, persistent inflation concerns, rising energy prices, and uncertainty around the Federal Reserve. The average 30-year fixed mortgage reached 7.17% Monday, according to Mortgage News Daily data reported by MarketWatch, a 20-month high and up 23 basis points from the previous Tuesday. Other mortgage-rate measures differ somewhat because surveys use different methodologies, borrowers, and timing. But they are pointing in the same direction: borrowing costs are rising.

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