Koreatimes iconKoreatimesSep 25, 2026 ~1 min source read

US 30-year mortgage rates top 7%, highest in Trump presidency

mortgage rates have exceeded 7.0 percent, data showed Thursday, reaching their highest level since Donald Trump returned to the presidency as voters grapple with high costs of living ahead of midterm elections. War in the Middle East, which unfolded after U.S.-Israel strikes on Iran in late February, has caused fuel prices to surge as Tehran retaliated by blocking a vital waterway for energy transit.

US 30-year mortgage rates top 7%, highest in Trump presidency

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mortgage rates have exceeded 7.0 percent, data showed Thursday, reaching their highest level since Donald Trump returned to the presidency as voters grapple with high costs of living ahead of midterm elections.

Higher diesel costs in turn threaten to filter through the world's biggest economy more br

War in the Middle East, which unfolded after U.S.-Israel strikes on Iran in late February, has caused fuel prices to surge as Tehran retaliated by blocking a vital waterway for energy transit.

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mortgage rates have exceeded 7.0 percent, data showed Thursday, reaching their highest level since Donald Trump returned to the presidency as voters grapple with high costs of living ahead of midterm elections. War in the Middle East, which unfolded after U.S.-Israel strikes on Iran in late February, has caused fuel prices to surge as Tehran retaliated by blocking a vital waterway for energy transit. households rely on, and diesel needed by farmers and truckers have both rocketed — putting pressure on consumers and businesses alike.

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  • Higher diesel costs in turn threaten to filter through the world's biggest economy more br

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voters just weeks before key midterm elections in November.

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