Mortgage rates hit 7% as Iran war pushes borrowing costs higher
Mortgage rates reached 7% this week, the highest level since January 2025, as economic uncertainty from the war with Iran impacts borrowing costs.
Mortgage rates jumped to 7% this week for the first time since January 2025, squeezing housing affordability when many Americans are grappling with higher energy costs and economic uncertainty brought on by the war with Iran.
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Due to anticipated severe weather, the County of Maui has canceled the War Memorial Gymnasium Blessing scheduled for Friday, Sept. 25, and postponed the Kōkua Kauaʻi Donation Drive scheduled for Sept. 26-27, according to the County of Maui Office of Public Affairs.
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Tropical Storm Nolo has forced the closure of all state parks, camping areas, forest reserves, and hiking trails on the islands of Hawaii, Maui, and Molokai.
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A draft environmental assessment for a proposed 262-acre agricultural park in Kula, Maui, is now open for public comment.