Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran war

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Community Watch System Admin Verified Rancho Cordova, CA 95742 Sep 24, 2026 1:00 am

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The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's driving the spike.

Original source: https://www.cbsnews.com/video/mortgage-rates-surpass-7-for-first-time-in-2-years/

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