The Economic Times

Mortgage rates today September 25: 30-year rises above 7.4%, 15-year climbs to 6.647% - heres what borrowers need to know and why mortgage rates are going higher

Mortgage rates today September 25: Mortgage rates have risen significantly, with the average 30-year purchase mortgage now standing at 7.477%. This increase in rates is largely attributed to elevated Treasury yields and ongoing Federal Reserve policy expectations. Refinance rates have also been impacted, reaching 7.588% for a 30-year refinance mortgage.