Macro Finance
US Mortgage Rates Jump to 7.49%, Highest Since 2023
Bloomberg Markets·October 7, 2026·1 min read
US mortgage rates rose for a seventh straight week to 7.49%, the highest level in nearly three years, worsening the nation's housing affordability crisis. The increase compounds pressure on prospective homebuyers as borrowing costs climb, with the average rate on a 30-year fixed mortgage now at levels not seen since 2023.
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