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Oct 8, 2026 9:07 AM — Mortgage Rates
Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row
Mortgage rates in the U.S. have increased for the seventh consecutive week, reaching their highest level in nearly three years, with the average 30-year fixed-rate mortgage climbing to 7.40%. This surge in rates is primarily attributed to rising inflation fears, influenced by geopolitical tensions and bond market volatility. As borrowing costs rise, many potential homebuyers are delaying their pur... more
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