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US Mortgage Rates Rise to 7.4%, Highest in Nearly Three Years

Freddie Mac data showed the average 30-year fixed mortgage rate climbing to 7.4% in October 2026, its seventh consecutive weekly increase and highest level since 2023, amid rising Treasury yields, elevated energy prices, and expected Federal Reserve tightening.

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Oct 9, 11:58 AM businessinsider.com Two charts show how far homeownership is slipping out of reach as mortgage rates skyrocket
Oct 9, 7:08 AM nytimes.com Highest Mortgage Rates in 3 Years Chills the Housing Market
Oct 8, 1:27 PM abcnews.com Average long-term US mortgage rate rises to highest level in nearly 3 years
Oct 8, 10:10 AM nerdwallet.com Mortgage Rates Are Up Again This Week — How Can Home Buyers Cope?
Oct 8, 9:38 AM ft.com US mortgage rates rise for seventh straight week to hit highest since 2023
Oct 8, 9:23 AM foxbusiness.com Mortgage rates rise for seventh straight week, squeezing homebuyers