Average 30-year mortgage rate rose 0.25 points to 7.28%, the biggest weekly jump since September 2022

What we’re less sure of5 of 7 claims

• Medium

  The 0.25-point rise was the biggest weekly jump since September 2022.

  WSJ, Axios, The Hill, FT and CNN all carry 'biggest weekly rise in four years'. The specific month, September 2022, is the desk's narrowing of that wording. The story's prose does not assign the claim to a speaker.

• Medium

  This was the sixth straight weekly rise, and the rate was 5.98% in the week before the Iran war began in late February.

  The Hill supports 5.98% for the week ending Feb. 26. No listed source states the 'sixth straight weekly rise' count. The story does not attribute either figure.

• Medium

  Mortgage applications fell 6% in the week ended Sept. 25, and adjustable-rate loans rose to 10.3% of applications, the highest share since October 2025.

  The story attributes this to the Mortgage Bankers Association. However, the MBA weekly application survey is not among SOURCES. The only MBA entry is a January spread chart, so the claim rests on the single attribution.

• Medium

  NAR chief economist Lawrence Yun says rates 'can come down once oil prices retreat and with a credible plan to reduce the budget deficit.'

  This is a named quote and forecast attributed to Lawrence Yun of NAR. No listed source carries the quotation, so it cannot be verified against SOURCES.

• Medium

  The 10-year Treasury touched 5.34% Thursday, a 24-year high, up more than 1.25 points since the Iran war began in February. Mortgage rates sit about 2.0 points above it versus a 1.76-point average since 1971, and 49.1% of outstanding mortgages carried rates under 4% as of June.

  Axios supports the rise of more than 1.25 points. Morningstar gives a Sept. 30 close of 5.292%, but no listed source states the 5.34% intraday level or the 24-year high. The 1.76-point average is attributed to MarketXLS and the 49.1% figure to FHFA, both confirmed in SOURCES.