economy Washington, United States
Federal Reserve rate hike as US mortgage rates reach 7.49%
7.49%▲ from 7.28
Average 30-year mortgage rate
The Federal Reserve raised its benchmark rate to a 3.75%-4% target range as inflation remained high. The average 30-year mortgage rate later reached 7.49%, its highest level in nearly three years, while mortgage applications fell to their lowest level since February 2025.
5 sourcesPBS News, The Guardian, Al JazeeraUpdated
Claims
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The Federal Reserve raised its benchmark interest rate.
2 of 2 sources“The increase comes after the US Federal Reserve hiked interest rates”
- 3.9 →4%
Federal Reserve benchmark interest rate
1 of 2 sources“to a range of 3.75% to 4%”
- 4%The Guardian
- 3.9%PBS News