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News for: Banking Exchange
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Oct 12, 2026 6:27 AM — Mortgage Rates
US Mortgage Rates Hit Three-Year High as Borrowing Costs Rise
The average rate for a 30-year fixed mortgage in the U.S. has increased to 7.40%, the highest in nearly three years, attributed to inflation concerns and rising Treasury yields. Freddie Mac reported this as the seventh consecutive weekly rise, up from 7.28%. The 15-year fixed mortgage rate also saw an increase to 6.73%. This trend follows a recent hike in interest rates by the Federal Reserve and ... more
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