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● TRACKER Updated 2d ago · 52 sources tracked

8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges

The 30-year fixed mortgage rate recently reached 7.3% amid ongoing inflation concerns. This has led to a 1.2% drop in mortgage applications, with buyers shifting towards adjustable-rate loans. Despite high borrowing costs, regional markets like Toronto see rising home sales due to softer prices. Elevated rates are expected to persist through 2026.

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  • ✓ The current 30-year fixed-rate mortgage rate is 7.17-7.3%.
  • ✓ Mortgage applications have dropped 1.2%.
  • ✓ Toronto home sales rose 1.2% in October.
  • ✓ The mortgage-to-Treasury spread has widened.
🛡️ Source Corroboration: 52 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The 30-year fixed mortgage rate forecast and predictions now show rates potentially reaching 8%, with the current rate at 7.17-7.3%.

Live updates

  1. 30-year fixed mortgage rate surges to 7.3%

    The 30-year fixed mortgage rate recently reached 7.3% amid ongoing inflation concerns. This has led to a 1.2% drop in mortgage applications, with buyers shifting towards adjustable-rate loans. Despite high borrowing costs, regional markets like Toronto see rising home sales due to softer prices. Elevated rates are expected to persist through 2026.

    Why it matters

    The sustained pressure on borrowing costs is affecting the housing market, with varying responses across regions. The Bank of Canada rate hike and inflation concerns are driving the current rate environment. Mortgage rates have significant implications for homebuyers and the overall housing market.

    What is confirmed

    • The current 30-year fixed-rate mortgage rate is 7.17-7.3%.
    • Mortgage applications have dropped 1.2%.
    • Toronto home sales rose 1.2% in October.
    • The mortgage-to-Treasury spread has widened.
    • Inventory has dipped to 902,740.

    Still unconfirmed

    • 8% mortgage rates are 'not an impossibility'.

    What to watch next

    • Next week's 30-year mortgage rate forecast
    • Post-election demand trends
    • Bank of Canada's future rate decisions
    Sources used for this update (2)
    1. 30rates.com — 30 YEAR MORTGAGE RATES FORECAST FOR NEXT WEEK, MONTHS
    2. www.realtytoday.com — Why Mortgage Rates Are at 7.17% When They Could Be at 6.72%
    confidence 90%
  2. 8% Mortgage Rates Remain Possible Amid Surging Borrowing Costs

    Borrowing costs remain under severe pressure as the 30-year fixed mortgage rate recently reached 7.3%. Driven by ongoing inflation concerns, financial analysts warn that borrowing rates will likely stay elevated through the remainder of 2026. This sustained rate pressure has caused mortgage applications to drop 1.2%, forcing many home buyers to shift away from traditional fixed loans toward adjustable-rate alternatives. Despite these high domestic borrowing expenses, regional housing markets respond differently, evidenced by Toronto home sales rising 1.2% in October due to softer prices offsetting a Bank of Canada rate hike.

    Why it matters

    Housing affordability continues to deteriorate across multiple markets as persistent inflation keeps central bank rates elevated. While buyers adapt through alternative loan products, long-term forecasts suggest borrowing costs might eventually decline to about 6% by 2028. The contrast between falling application volumes and localized sales increases highlights how shifting price adjustments interact with rising interest rates.

    What is confirmed

    • The 30-year fixed mortgage rate eased to 7.3%, according to the MBA.
    • Mortgage applications fell 1.2%.
    • Home sales in Toronto rose 1.2% in October following a Bank of Canada rate hike.

    What to watch next

    • Monitor subsequent MBA reports for further changes in mortgage application volumes.
    • Track upcoming inflation data to see if borrowing costs approach the 8% threshold.
    Sources used for this update (6)
    1. ndtv-india.com — The Ndtv: Latest India News, Current Affairs, Breaking News &...
    2. ndtvchannel.com — NDTV Channel | Breaking News from India & Beyond
    3. en.wikipedia.org — NDTV - Wikipedia
    4. ndtv-india.com — News - Latest News today from India and the World, Breaking news|...
    5. www.youtube.com — NDTV - YouTube
    6. english.ndtvtimes.com — Home - NDTV TIMES
    confidence 50%
  3. Mortgage applications drop as 30-year fixed rates hold near 7.3%

    Mortgage applications fell 1.2% as the 30-year fixed rate eased to 7.3%, according to the MBA. While some rates dipped slightly on October 1, inflation concerns suggest borrowing costs will remain high through the end of 2026. Buyers are increasingly turning to adjustable-rate loans as traditional fixed rates pressure affordability. In Toronto, home sales rose 1.2% in October because softer prices offset higher borrowing costs following a Bank of Canada rate hike. Forecasts suggest rates could drop to about 6% by 2028.

    Why it matters

    High borrowing costs are shifting buyer behavior toward ARMs and impacting international markets like Toronto. Market volatility persists as inflation fears compete with slight rate dips. This trend follows a period where rates reached 7.32% in late October.

    What is confirmed

    • The 30-year fixed mortgage rate was 7.03% as of September 24, 2026.
    • Mortgage applications decreased by 1.2% as the 30-year rate eased to 7.3%.
    • Purchase applications fell 2% while refinance applications remained flat and 60% below the previous year.
    • Toronto home sales increased 1.2% in October with a benchmark price of C$928,800.

    Still unconfirmed

    • Mortgage rates will drop to about 6% by 2028.
    • Rates are likely to remain elevated through the end of the year due to inflation concerns.

    What to watch next

    • Federal Reserve policy shifts affecting interest-rate futures
    • New inflation data impacting year-end rate projections
    • Changes in ARM demand relative to 30-year fixed loans
    Sources used for this update (5)
    1. pennycalc.com — Mortgage Rate History: 30-Year Fixed Chart - PennyCalc
    2. money.com — Today's Current Mortgage Rates: October 1, 2026 | Money
    3. www.briefs.co — Mortgage Applications Slip Again as Rates Ease, MBA Says
    4. www.briefs.co — Toronto home sales edge higher as buyers find softer prices despite costlier loans
    5. www.noradarealestate.com — Mortgage Rate Predictions for the Next 3 Years: 2026–2029
    confidence 90%
  4. Mortgage Rates Surge as Federal Reserve Policy Shapes Market Outlook

    The 30-year fixed mortgage rate stands at 7.32% as of October 22, 2026, pressuring home affordability and driving buyers toward adjustable-rate loans. Elevated borrowing costs could persist through 2028, straining a resilient consumer base. Meanwhile, interest-rate futures imply that the typical 30-year fixed rate in the United States will move from 6.55% to 6.54% by September 2027, based on market pricing for Federal Reserve policy as of October 8, 2026.

    Why it matters

    Housing serves as a primary driver of the United States economy and acts as an indicator for consumer strength. Market pricing for mortgage rates relies on interest-rate futures, long-run mortgage spreads, pass-through factors, and transmission lags. Financial markets change daily and have historically produced inaccurate forecasts.

    What is confirmed

    • The 30-year fixed mortgage rate is 7.32% as of October 22, 2026.
    • Interest-rate futures data as of October 8, 2026, implies the typical 30-year fixed mortgage rate will move from 6.55% to 6.54% by September 2027.

    Still unconfirmed

    • Elevated borrowing costs could potentially last until 2028.

    What to watch next

    • Daily changes in market pricing and Federal Reserve policy expectations
    • Future adjustments to the long-run mortgage spread and pass-through factors
    Sources used for this update (2)
    1. www.usbank.com — The impact of today's changing interest rates on the housing market
    2. centralbank.watch — US Mortgage Rate Forecast 2026 | Will Rates Fall?
    confidence 80%
  5. 30-year fixed mortgage rate surges, 8% not ruled out

    The 30-year fixed mortgage rate currently stands at 7.32% as of October 22, 2026, with some forecasts suggesting a prolonged period of elevated borrowing costs, potentially lasting until 2028. This has strained home affordability for prospective buyers, prompting some to consider adjustable-rate mortgages. Despite a resilient consumer base, the trend continues to pose challenges.

    Why it matters

    The surge in mortgage rates is attributed to inflationary pressures, which have pushed borrowing costs to heights that have made homebuying less affordable. The current rates vary between 6.47% and 7.4%, with the 30-year fixed rate having recently dipped to 6.47% amid strong retail and pending home sales data. However, the overall trend indicates a sustained period of high rates.

    What is confirmed

    • Current 30-year fixed mortgage rates vary between 6.47% and 7.4%.
    • The 30-year fixed mortgage rate stood at 7.32% as of October 22, 2026.
    • Some forecasters predict that mortgage rates will not drop until 2028.

    Still unconfirmed

    • 8% mortgage rates are 'not an impossibility'.

    What to watch next

    • Upcoming economic data releases
    • Federal Reserve policy decisions
    • Changes in inflation rates
    Sources used for this update (4)
    1. fred.stlouisfed.org — 30-Year Fixed Rate Mortgage Average in the United States
    2. finance.yahoo.com — Mortgage rate history: 1972 to 2026 - Yahoo Finance
    3. www.thetrading.tools — 30-Year Fixed Mortgage Rate: Chart, Current Level & History ...
    4. www.thedailyupside.com — After Decades of Low Mortgage Rates, Homebuyers Are Facing a ...
    confidence 85%
  6. Mortgage rate forecasts shift as 30-year fixed rates remain volatile

    Current 30-year fixed mortgage rates vary between 6.47% and 7.4%, with some buyers shifting to adjustable-rate mortgages to lower costs. While Freddie Mac reported a dip to 6.47% amid strong retail and pending home sales data, other indicators show rates staying high. New projections suggest a prolonged period of elevated borrowing costs, with some forecasters now predicting that rates will not drop until 2028. This trend continues to strain home affordability for prospective buyers despite a resilient consumer base.

    Why it matters

    High interest rates increase monthly payments for homeowners and limit the pool of eligible buyers. This environment often leads to a stagnation in housing turnover as current owners avoid losing low rates. The shift toward adjustable-rate mortgages introduces higher long-term financial risk for borrowers.

    Still unconfirmed

    • Mortgage rates will not drop until 2028.

    What to watch next

    • Federal Reserve interest rate decisions
    • Upcoming jobs data reports
    • Changes in pending home sales volume
    Sources used for this update (4)
    1. www.bankrate.com — Compare 30-Year Mortgage Rates Today | Bankrate
    2. www.mortgageinsightai.com — Mortgage Insight AI | 30-Year Rate Predictor & Lender Sentiment
    3. themortgagereports.com — Today's 30-Year Mortgage Rates | October 2026 | Buy or Refi
    4. www.moneytalksnews.com — Mortgage Rates Won’t Drop Until 2028. 5 Moves to Make Now
    confidence 60%
  7. 30-Year Fixed Mortgage Rates Shift Amid Affordability Pressure

    The average 30-year fixed-rate mortgage is currently reported between 6.47% and 7.4%. While Freddie Mac notes a decrease to 6.47% alongside strengthening pending home sales and retail data, other reports indicate rates remain high. This volatility is pushing some buyers toward riskier adjustable-rate mortgages to reduce costs. Economists expect rates to remain elevated through the end of the year, though they may fluctuate slightly. This environment continues to challenge affordability for prospective homeowners despite signs of a resilient consumer.

    Why it matters

    High borrowing costs have created a K-shaped housing market that separates wealthy buyers from those struggling with affordability. Previous trends showed rates climbing toward 8% due to AI spending and oil prices. The Mortgage Bankers Association previously projected rates would stay above 7% through 2027.

    What is confirmed

    • The 30-year fixed-rate mortgage averaged 6.47% this week according to Freddie Mac.
    • Mortgage interest rates remain high.

    Still unconfirmed

    • Buyers are choosing riskier adjustable-rate mortgages to find savings.

    What to watch next

    • Upcoming retail sales and pending home sales data
    • Year-end economist projections for mortgage rate fluctuations
    Sources used for this update (3)
    1. www.freddiemac.com — Mortgage Rates - Freddie Mac
    2. www.cnbc.com — Even more borrowers choose riskier mortgages, as higher ...
    3. money.com — Will Mortgage Rates Keep Climbing Higher? 3 Housing ...
    confidence 70%
  8. Mortgage Rates Surge Toward 8% Amid Sticky Economic Pressures

    Mortgage borrowing costs remain elevated as the 30-year fixed rate hovers at 7.63% following a sharp 31 basis point jump. Robust economic growth, high oil prices, and heavy artificial intelligence spending are keeping rates high, deepening a K-shaped housing market divide between haves and have-nots. Prospective buyers face mounting affordability hurdles that have already dragged down mortgage applications. While analysts warn that hitting 8% is possible, the Mortgage Bankers Association forecasts that rates will stay above 7% through 2027.

    Why it matters

    The steep climb in borrowing expenses follows an earlier 7.28% average reported for the week ending October 1. These persistent financial barriers are cooling demand and shrinking application volume by 4.2% week-over-week. Sellers are responding to the demand slowdown with an uptick in price cuts across the housing market.

    What is confirmed

    • The 30-year fixed mortgage rate climbed to 7.63%, surging 31 basis points over a two-week period.
    • Mortgage applications dropped 4.2% compared to the previous week due to affordability challenges.
    • Strong economic growth, high oil prices, and artificial intelligence spending are keeping mortgage rates at high levels.

    Still unconfirmed

    • Mortgage rates hitting 8% this year is not an impossibility, and could occur if the 10-year Treasury yield climbs past 5.40%.
    • The Mortgage Bankers Association expects mortgage rates to remain above 7% through 2027, though other forecasts are more optimistic.

    What to watch next

    • Movement in the 10-year Treasury yield past 5.40%
    • Future updates to the Mortgage Bankers Association forecast
    Sources used for this update (5)
    1. fred.stlouisfed.org — 30-Year Fixed Rate Jumbo Mortgage Index - FRED | St. Louis Fed
    2. finance.yahoo.com — Is 8% next? Why mortgage rates have surged, and may stay ...
    3. www.mortgageresearch.com — MBA Forecasts Mortgage Rates to Stay Above 7% Through 2027
    4. finance.yahoo.com — Mortgage Rates Hitting 8% This Year Is Not Impossible—and Yet ...
    5. www.cnn.com — High mortgage rates are deepening a ‘K-shaped’ housing market
    confidence 90%
  9. Housing Affordability Strains as Mortgage Rates Surge

    The 30-year fixed mortgage rate has climbed to 7.63%, surging 31 basis points over a two-week period following an earlier 7.28% average reported for the week ending October 1. This rapid increase has introduced severe affordability challenges for aspiring homeowners, resulting in a 4.2% drop in mortgage applications compared to the previous week. Analysts caution that rates hitting 8% are entirely possible if the 10-year Treasury yield climbs past 5.40%. Despite these borrowing hurdles, the broader housing market shows some competing pressure on sellers, marked by an uptick in price cuts.

    Why it matters

    Prospective buyers face an unusually harsh purchasing climate defined by soaring borrowing costs alongside initial signs of seller concessions. These borrowing increases directly constrain purchasing power and cool homebuyer demand across the country.

    What is confirmed

    • The 30-year fixed mortgage rate rose to 7.63%, climbing 31 basis points in two weeks.
    • Mortgage applications fell 4.2% from the previous week.
    • The average rate for the week ending October 1 was 7.28%.

    Still unconfirmed

    • Mortgage rates could reach 8% if the 10-year Treasury yield exceeds 5.40%.

    What to watch next

    • Whether the 10-year Treasury yield exceeds 5.40%
    • Further weekly shifts in mortgage application volume
    Sources used for this update (11)
    1. economictimes.indiatimes.com — Warren Buffett
    2. en.wikipedia.org — 8 - Wikipedia
    3. simple.wikipedia.org — 8 (number) - Simple English Wikipedia, the free encyclopedia
    4. www.youtube.com — I Can Show the Number 8 in Many Ways - YouTube
    5. mysticalnumbers.com — Symbolism - Fun Facts - in Religion and Myth - Number 8
    6. www.thefactsite.com — 10 Fun Facts About The Number 8 - The Fact Site
    7. www.biblegateway.com — Psalm 8 NIV - Psalm 8 - For the director of music. - Bible...
    8. en.wikipedia.org — The8 - Wikipedia
    9. play.google.com — 8 Ball Pool - Apps on Google Play
    10. www.thetechedvocate.org — The Brutal Truth About Buying a Home in 2026: 10 Keys to Unlocking a Deal
    11. note.com — The Cruel Reality of the 100 Million Yen Loan Era: At What Variable Interest Rate Does 'Buying' Become a Loss? A Housing Consultant's Calculation of the 'Break-E…
    confidence 100%
  10. 30-year fixed mortgage rate surges to 7.63%

    The 30-year fixed mortgage rate has risen to 7.63%, up 31 basis points in two weeks. This follows a 7.28% average rate reported for the week ending October 1. Analysts warn that 8% rates are possible if the 10-year Treasury yield exceeds 5.40%. The rate surge is pressuring the housing market, with mortgage applications falling 4.2% from the previous week.

    Why it matters

    The increase in mortgage rates is attributed to inflation and geopolitical tensions. The housing market is experiencing weak demand and lender cutbacks. The Mortgage Bankers Association reported a sharp increase in mortgage rates, which immediately weighed on demand.

    What is confirmed

    • The 30-year fixed mortgage rate has risen to 7.63%.
    • Mortgage rates approaching 8% are a possibility.
    • The 10-year Treasury yield is a key factor in determining mortgage rate projections.
    • Mortgage applications fell 4.2% from the previous week.

    Still unconfirmed

    • 8% mortgage rates are 'not an impossibility'.

    What to watch next

    • The 10-year Treasury yield
    • Mortgage rate predictions for the next five years
    • The impact of mortgage rates on the housing market
    Sources used for this update (5)
    1. www.bankrate.com — Mortgage Rate Trends And Predictions | Bankrate
    2. www.thetechedvocate.org — The Mortgage Rate Nightmare: Why 8% Is Crushing Lenders and Homebuyers
    3. finance.yahoo.com — Mortgage rate predictions for the next five years: Rates are rising
    4. finance.yahoo.com — A move closer to 7.5%: When will mortgage rates go down?
    5. matzav.com — HOUSING SQUEEZE: 30-Year Mortgage Rate Surges to 7.49% ...
    confidence 80%
  11. Mortgage rates surge to 7.63% as 8% becomes plausible

    The 30-year fixed mortgage rate has risen to 7.63%, up 31 basis points in two weeks, amid weak demand and lender cutbacks. This follows a 7.28% average rate reported for the week ending October 1. With inflation and geopolitical tensions pressuring the market, analysts warn that 8% rates are possible if the 10-year Treasury yield exceeds 5.40%.

    Why it matters

    Rising mortgage rates have pushed homebuyers towards adjustable-rate mortgages and riskier loan terms. The increase from 6.34% a year ago has renewed pressure on the housing market. Lenders are responding by cutting forecasts, jobs, and offices.

    What is confirmed

    • The average 30-year fixed mortgage rate is 7.63%, up 31 basis points in two weeks.
    • The average rate on 30-year fixed mortgages hit 7.28% for the week ending Oct. 1.
    • Mortgage rates have risen from 6.34% a year ago.

    Still unconfirmed

    • 8% mortgage rates are not an impossibility if the 10-year Treasury yield exceeds 5.40%.

    What to watch next

    • October 2026 Treasury yield announcements
    • Federal Reserve rate decisions
    • Housing market demand trends
    Sources used for this update (3)
    1. economictimes.indiatimes.com — Credit Card
    2. www.realtor.com — Mortgage Rates Soar to 3-Year High as Global Bond Market ...
    3. www.housingwire.com — Mortgage rates near 8% raise pressure on lenders
    confidence 90%
  12. 30-Year Fixed Mortgage Rates Reach 7.28 Percent as 8 Percent Threshold Looms

    The average 30-year fixed-rate home loan has risen to 7.28 percent, according to reports from The New York Times and CNN. This increase from 6.34 percent a year ago has pushed more homebuyers toward adjustable-rate mortgages. Analysts suggest rates could hit 8 percent if the 10-year Treasury yield exceeds 5.40 percent. While some buyers can still secure rates below 7 percent through larger down payments or riskier loan terms, the broader market faces renewed pressure from inflation and geopolitical tensions.

    Why it matters

    Rising borrowing costs typically reduce buyer purchasing power and slow home sales. The current surge follows a period of volatility where rates hit multi-year highs. This trend complicates refinancing options for homeowners and increases the monthly cost of new loans.

    What is confirmed

    • The average 30-year fixed-rate home loan rose to 7.28 percent.
    • The 30-year fixed rate was 6.34 percent one year ago.
    • Homebuyers are increasingly utilizing adjustable-rate mortgages as fixed rates rise.

    Still unconfirmed

    • The Iran war and Federal Reserve hikes are contributing factors to potential rate increases.

    What to watch next

    • 10-year Treasury yield movements relative to the 5.40 percent mark
    • Federal Reserve interest rate decisions
    • Shift in the ratio of adjustable-rate to fixed-rate mortgage applications
    Sources used for this update (7)
    1. theplaintruth.com — 8% mortgage rates are ‘not an impossibility’ as the 30-year ...
    2. mortgage-info.com — Will Mortgage Rates Hit 8%? The 5.40% Trigger Explained
    3. www.nytimes.com — As Mortgage Rates Hit Highest Level Since 2023, Buyers Look ...
    4. www.cnn.com — Mortgage rates just hit 7.28%. But there are ways to get a ...
    5. www.zerohedge.com — "Showings Have Stopped": Housing Market Freezes As Mortgage ...
    6. www.theedadvocate.org — Unsettling: Mortgage Rates August 2026 See a Sudden Spike ...
    7. finance.yahoo.com — Homebuyers Turn to ARMs as Rates Rise - Yahoo Finance
    confidence 90%
  13. 8% Mortgage Rates Not Impossible as 30-Year Fixed Surges

    Mortgage rates are climbing sharply, raising borrowing costs and placing renewed strain on the housing sector. According to a daily report by Mortgage News Daily, the 30-year fixed rate jumped 28 basis points in two days to reach 7.45 percent, marking the highest level since April 2024. A separate weekly report by Freddie Mac put the average rate at 7.03 percent. Analysts warn that 8 percent mortgage rates are back on the table due to surging Treasury yields and inflation worries tied to higher oil prices.

    Why it matters

    The spike in borrowing costs follows a sharp rise in the 10-year Treasury yield, which hit its highest level since 2007 as bond investors reacted to economic uncertainty and oil price pressures. While some market experts suggest an 8 percent rate is possible if current financial trends persist, other observers view that high threshold as improbable given still-moderate Treasury yields and Federal Reserve policies. These shifting financial conditions compound existing pressures on a frozen housing market and create broader economic ripples.

    What is confirmed

    • The 30-year fixed mortgage rate jumped 28 basis points in two days to 7.45 percent on Thursday, according to a daily report by Mortgage News Daily.
    • Freddie Mac reported an 8-basis-point jump in the average 30-year mortgage rate to 7.03 percent on Thursday.
    • The 10-year Treasury yield hit its highest level since 2007 on Wednesday.

    Still unconfirmed

    • Mortgage rates will definitely reach 8 percent before the end of the year.

    What to watch next

    • Upcoming Federal Reserve policy decisions and announcements regarding interest rates.
    • Future weekly Freddie Mac mortgage application surveys and daily Mortgage News Daily reports.
    Sources used for this update (4)
    1. finance.yahoo.com — 8% mortgage rates are ‘not an impossibility’ as the 30-year ...
    2. jafdip.com — Market Alert: 8% mortgage rates are ‘not an impossibility’ as ...
    3. fnxt.app — 8% mortgage rates are ‘not an impossibility’ as the 30-year ...
    4. www.simplypmg.com — 8% - SimplyPMG.com
    confidence 90%
  14. 30-Year Mortgage Rate Surges to 7.45%

    The 30-year fixed mortgage rate jumped sharply to 7.45 percent, reaching its highest level in 20 months and climbing for the fifth consecutive week. This surge pushes borrowing costs further above the 7 percent threshold, dealing an additional blow to an already frozen housing market. Market analysts warn that climbing to 8 percent is not an impossibility if current financial trends persist, compounding pressures on the broader economy and deepening political gloom for the GOP.

    Why it matters

    Rapidly increasing borrowing costs compound affordability challenges for prospective homebuyers, keeping inventory locked as current owners refuse to trade low locked-in rates for new loans. Rising bond yields are driving the upward pressure on home loans. The sustained climb in housing expenses creates secondary economic ripples and political headwinds.

    What is confirmed

    • The 30-year fixed mortgage rate jumped sharply Thursday to 7.45 percent.
    • Mortgage rates climbed for the fifth consecutive week, pushing the 30-year home loan above 7 percent.
    • Mortgage rates hit their highest level in 20 months.

    Still unconfirmed

    • 8% mortgage rates are not an impossibility as the 30-year fixed rate surges.

    What to watch next

    • Whether bond yields continue to rise and push mortgage rates closer to the 8 percent threshold.
    • Further responses from the housing market and potential impacts on home sales volume.
    Sources used for this update (8)
    1. CNN — Mortgage rates top 7%, dealing a further blow to the frozen housing market | CNN Business
    2. CNBC — 30-year fixed mortgage rate jumps sharply Thursday to 7.45%
    3. The Hill — The Memo: Rising bond yields, mortgage rates deepening gloom for Trump’s GOP
    4. MarketWatch — 8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges
    5. ABC News - Breaking News, Latest News and Videos — Mortgage rates hit highest level in 20 months
    6. CNN — Mortgage rates top 7%, dealing a further blow to the frozen housing market
    7. Los Angeles Times — Mortgage rates climb for fifth week, pushing 30-year home loan above 7%
    8. Yahoo Finance — 30-Year Mortgage Rate Hits 7.45%. What Does It Mean for Crypto?
    confidence 100%
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