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EconomyUS mortgage rates reach highest level in nearly three years

The average US 30-year fixed mortgage rate rose 19 basis points to 7.49% for the week ending October 2, its highest in nearly three years. Mortgage applications fell 4.2% week over week to their lowest level since February 2025, as rising borrowing costs deterred prospective buyers.

mortgage ratesUS housing marketmortgage applications

AAl Jazeera★★★☆☆2026-10-07 17:05Original

US mortgage rates reach highest level in nearly three years
US mortgage rates reach highest level in nearly three yearsEconomy