Benchmark mortgage rate tops 7 percent, highest in 2 years

• The average 30-year mortgage rate has surpassed 7 percent, marking the first time it has done so since January 2025.
• The benchmark 30-year fixed mortgage rate is 7.03 percent this week, up from 6.95 percent last week, according to data from Freddie Mac.
• It marks the fifth consecutive weekly rise in mortgage rates, and the...