Mortgage rates top 7% for first time since early 2025

Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week's reading of 6.95%.The average rate on a 30-year loan was 6.3% a year ago.The average rate on a 15-year fixed mortgage climbed to 6.42% from last week's reading of 6.26%.AMERICA'S BEST AND WORST CITIES FOR HOUSING AFFOR