Business

Mortgage Rates Surge, Impacting Demand

Updated 2026-09-30 11:10 UTC 1 source Negative

Mortgage rates have risen for the sixth consecutive week, hitting both refinance and homebuyer demand. The 30-year fixed rate has surpassed 7%, leading to a decline in mortgage applications.

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CNBC

Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard

Mortgage demand dropped for the 7th straight week, as rates surged well over 7% on the 30-year fixed.

2026-09-30 11:00 UTC