Business

US Mortgage Rates Hit New High

Updated 2026-10-08 21:25 UTC 1 source Negative

Mortgage rates in the US hit a new high of 7.4 percent, marking the first time since November 2023 due to increased inflation pressures.

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The Hill
Mortgage rates increased again this week, with the average 30-year rate hitting 7.4 percent for the first time since November 2023, Freddie Mac reported Thursday. The average 30-year mortgage rate rose 12 basis points from last week, when it was 7.28 percent, according to the government-sponsored co
2026-10-08 21:03 UTC
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