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Mortgage Rates Surge to Seven Percent | Anchorage News
Description
Mortgage rates just hit a 19-month high at 6.95%, fueled by rising bond yields from global tensions and oil prices — and the Fed’s surprise rate hike only makes it worse. With monthly payments soaring and affordability shrinking, homebuyers are stuck in neutral as sales hit a 30-year low and inventory remains scarce. Experts predict rates will stay above 7% — making homeownership even harder to reach.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.adn.com/business-economy/2026/09/17/struggling-us-homebuyers-and-market-face-new-hurdles-as-mortgage-rates-brush-7/
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