World & BusinessAverage US 30-year mortgage rate reportedly hits 7.45%, highest since 2023
The Kobeissi Letter reports a 1.5-percentage-point rise over six months and says inflation has stayed above the Fed's 2% target for 60 straight months.
TLDR
The Kobeissi Letter reported on September 24, 2026, that the average US 30-year mortgage rate had reached 7.45%, up 1.5 percentage points in six months and the highest since 2023. On September 25, it said the dollar had lost 23% of its purchasing power since 2020, arguing that a 30% asset gain over that period effectively meant breaking even in real terms. It also said inflation had exceeded the Fed's 2% target for 60 straight months.
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Average US 30-year mortgage rate reportedly hits 7.45%, highest since 2023
The Kobeissi Letter reports a 1.5-percentage-point rise over six months and says inflation has stayed above the Fed's 2% target for 60 straight months.