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News for: Princeton Clarion
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Oct 8, 2026 1:11 PM — Mortgage Rates
Mortgage Rates Are Up Again This Week — How Can Home Buyers Cope?
Mortgage rates have increased for four consecutive weeks, with the average rate on a 30-year fixed mortgage now at 7.41% APR, a rise of 15 points in just one week and 67 basis points over the last month. This increase has significantly impacted home buyers' budgets, reducing their purchasing power by over $30,000 in a month on a typical monthly payment of $3,000. As a result, many are exploring al... more
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