World & BusinessAverage US 30-year mortgage rate reportedly hits 7.45% as bond yields surge
The Kobeissi Letter says the mortgage rate climbed 1.5 percentage points in six months to its highest since 2023, while warning that a larger US debt load magnifies interest costs.
TLDR
A market roundup shared on September 25, 2026, says the US 10-year Treasury yield topped 5.20% and a seven-year bond auction drew weak demand. The Kobeissi Letter reported a day earlier that the average US 30-year mortgage rate had reached 7.45%, its highest since 2023.
The Kobeissi Letter also puts US national debt at $40.1 trillion. It calculates that each one-percentage-point increase in the average cost of servicing that debt would add roughly $401 billion in annual interest expense, compared with about $89 billion for the debt load in 2007.
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Average US 30-year mortgage rate reportedly hits 7.45% as bond yields surge
The Kobeissi Letter says the mortgage rate climbed 1.5 percentage points in six months to its highest since 2023, while warning that a larger US debt load magnifies interest costs.