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Mortgage rates hit a new high for 2026, marching closer to 7%

Posted on September 3, 2026
By CNN
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1 min read

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Mortgage rates hit a new high for 2026, marching closer to 7%

The global sell-off in the bond market is hitting the housing market, with US mortgage rates surging to their highest level of the year. That’s putting fresh pressure on home shoppers and homeowners hoping to refinance.