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Oct 9, 2026 1:41 PM — Mortgage Rates
High Mortgage Rates Push Lumber Prices Lower Again
Rising mortgage rates are reducing housing demand, evidenced by a 4.2% drop in mortgage applications, the lowest since January 2025, alongside the average 30-year fixed mortgage rate reaching 7.49%. This decline in housing activity is leading to lower lumber prices, currently at $527 per thousand board feet, due to reduced demand from construction. Additionally, trade policies are adding uncertain... more
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