U.S. Mortgage Rates Hit Three Year High Following Persistent Six Week Climb

By Associated Press · Fast Company · 2026-10-01

U.S. Mortgage Rates Hit Three Year High Following Persistent Six Week Climb

Fast Company reports that the average 30-year fixed-rate mortgage has surged to 7.28%, marking the sharpest weekly increase in several years. Freddie Mac data indicates that this sustained rise in borrowing costs is significantly eroding purchasing power for potential homeowners,

Fast Company reports that the average 30-year fixed-rate mortgage has surged to 7.28%, marking the sharpest weekly increase in several years. Freddie Mac data indicates that this sustained rise in borrowing costs is significantly eroding purchasing power for potential homeowners,