Mortgage Rates Just Crossed 7% for the First Time Since Early 2025. Here Is What Actually Changed and What It Means for You.
Mortgage rates hit 7.12% this week, the highest since early 2025, after oil crossed $100 a barrel and August inflation ran hotter than expected. Whitney Pauley, Senior Mortgage Advisor at CrossCountry Mortgage, explains what actually moved rates and what it means for your decision.



