September 24, 2026 — Mortgage rates experienced little to no movement, continuing a prolonged period of elevated borrowing costs that have significantly altered the American real estate landscape. According to market data provided to NerdWallet by Zillow, the average interest rate on the benchmark 30-year fixed-rate mortgage remained steadfast at 7.25% APR. While the rate…
WASHINGTON — Mortgage rates surged to near-historic highs for the year as a potent mix of stubbornly persistent inflation, geopolitical conflict, and an unexpectedly resilient labor market sent shockwaves through the financial sector. According to market data provided to consumers, the average interest rate on a benchmark 30-year, fixed-rate mortgage jumped to 6.98% APR. The…
Main Facts: Inflation Prints High, Bond Yields Surge, and the Fed Looms The macroeconomic landscape is shifting rapidly under the pressure of persistent inflation. Following the release of the August Producer Price Index (PPI) report—which revealed a hotter-than-expected year-over-year inflation rate of 5.4%—financial markets have experienced a dramatic repricing of risk. This high wholesale inflation…
