Mortgage rates break past 7% as bond yields surge, deepening U.S. housing gridlock

NPR | By Scott Horsley,

Scott Simon

Published September 26, 2026 at 4:37 AM PDT

Bond yields rose this week pushing mortgage rates above 7 percent. That's another big challenge for the already limping US housing market.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent.

Scott Simon

Scott Simon is the host of Weekend Edition Saturday and is one of the hosts of NPR's morning news podcast Up First.