Business

Mortgage Rates Spike, Housing Sales Decline

Updated 2026-10-02 00:10 UTC 1 source Negative

Mortgage rates have reached their highest level in nearly three years, leading to a decline in new applications. This trend is exacerbating the existing slowdown in housing sales and affecting homeowners across the country.

Coverage timeline — 2 articles
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Mortgage rates spiked to their highest level in nearly three years, continuing their climb above the 7% threshold. Why it matters: Housing sales were already slow due to a lack
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