Coverage dated September 30, 2026 to October 3, 2026
Mortgage rates just hit a 3-year high
Headline from Deseret News, on the newest of 2 developments
Mortgage rates are rising rapidly. The weekly average mortgage rate in the U.S. bolted to 7.28% Thursday for a 30-year, fixed-rate loan, according to the Federal Home Loan Mortgage Corporation, better known as Freddie Mac. It’s the first time since November 2023 that rates have reached that level.
Deseret News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Samantha Delouya, CNN (CNN) — Mortgage rates keep going up. The average 30-year fixed mortgage rate was 7.28% this week, up from 7.03% last week, according to Freddie Mac data released Thursday. Mortgage rates have risen for six straight weeks, and this week brought the biggest one-week jump in n…
NEW YORK (AP) — The average long-term U.S. mortgage rate jumped this week to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the average rate was 6.34%.
The average rate on a 30-year fixed mortgage rose this week to 7.28%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 7.03%.
Mortgage rates are the highest they've been since November 2023 and aren't expected to drop significantly. Homebuyers can improve their credit scores and shop around for better rates, experts say.
The average long-term U.S. mortgage rate jumped this week to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in several years. A year ago, the average rate was 6.34%.
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Mortgage rates spike again to 7.28 percent The average 30-year fixed mortgage rate rose to 7.28 percent this week, worsening conditions for prospective homebuyers.
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 of inventory and elevated rates, creating a risk that the market could further its freeze.
Mortgage rates are rising rapidly. The weekly average mortgage rate in the U.S. bolted to 7.28% Thursday for a 30-year, fixed-rate loan, according to the Federal Home Loan Mortgage Corporation, better known as Freddie Mac. It’s the first time since November 2023 that rates have reached that level.
