Macro Finance
US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week
Bloomberg Markets·October 14, 2026·1 min read
US mortgage rates hit 7.5%, pushing home-buying activity down for a sixth straight week. The MBA's purchase index dropped 4%, marking the longest decline since July-August 2023. Bloomberg's Jeff Langbaum discussed the trend, noting rising rates continue to pressure affordability and dampen demand in the housing market.
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