empty
 
 

2026.10.0816:15:23UTC+00US Mortgage Rates Climb to Highest Since 2023

The US 30-year fixed-rate mortgage averaged 7.4% as of October 8, 2026, climbing further above 7% to its highest level since November 2023 and up from 7.28% the previous week. This was the seventh straight week of increases, driven by an intensifying bond market selloff amid expectations that interest rates will remain elevated for longer. Those expectations have pushed 10-year Treasury yields to their highest levels in decades. Because mortgage rates tend to closely track these benchmark government yields, borrowing costs for homebuyers have continued to rise. A year earlier, the 30-year fixed-rate mortgage averaged 6.3%. Meanwhile, the 15-year fixed-rate mortgage rose to 6.73%, its highest level since May 2024, up from 6.6% a week earlier.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback