Mortgage Rates Cross 7% for the First Time Since January 2025 — What It Means for DFW Buyers and Sellers
Freddie Mac's September 24 survey put the 30-year fixed rate at 7.03%, the first reading above 7% since January 2025. Here's how DFW buyers and sellers can make sense of the payment math and a tighter local market.
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Freddie Mac's September 24, 2026 Primary Mortgage Market Survey put the 30-year fixed rate at 7.03%, up from 6.95% the week before. It is the first reading above 7% since January 2025, according to national coverage from NPR and CNN. At 73 basis points above the 6.30% rate a year ago, the reversal that began last week has continued.
7.03%
30-year fixed
+0.08
Points vs last week
+0.73
Points vs year ago
63 days
TX days on market
A threshold crossed, not an economy in distress.
Freddie Mac's chief economist pointed to a “solid labor market and an economy growing at a healthy rate” as part of the broader backdrop. This is not a signal of distress in the underlying economy. But the 7% threshold does change real monthly-payment math for buyers, and it deserves a closer look at what a purchase would actually cost.
Where this leaves you.
If you're buying
Don't let the headline number end the conversation on its own. Temporary or permanent rate buydowns, adjustable-rate options, and running the actual payment math with a lender are all worth exploring before ruling out a purchase. DFW inventory has run tighter than the rest of the state this year, so waiting for rates to ease may mean less selection.
If you're selling
Rate-sensitive buyers may negotiate on price rather than walk away from a well-priced home. That makes accurate pricing from day one more important, not less. My own listings continue to average a 9-day median list-to-pending time against the 63-day statewide average. Run a complimentary CMA — Price My Home.
Data sources: Freddie Mac PMMS as of September 24, 2026; national reporting from NPR and CNN; Texas Real Estate Research Center. Figures are directional; local street-level conditions vary.