U.S. 30-Year Mortgage Rate Climbs to 7.63%, Hitting Highest Level Since Late 2023

The average U.S. 30-year fixed mortgage rate jumped to 7.63%, marking its highest level since November 2023 as borrowing costs track surging benchmark Treasury yields higher.
The spike comes alongside the 10-year Treasury yield holding above 5.30% and the 30-year bond hitting 2002 highs, directly lifting residential financing costs across the economy.
With mortgage rates pushing deeper into the mid-7% handle, housing affordability faces renewed pressure, dampening homebuyer purchasing power and loan application volumes while tightening broader financial conditions.