Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row — Live Feedhttps://www.live-feeds.com/feed/average-long-term-us-mortgage-rate-at-highest-level-in-nearly-3-years-after-7th-weekly-rise-in-a-rowContinuously updated, source-cited coverage. US Long-Term Mortgage Rates Hit 3-Year High After Seven Weekly Riseshttps://www.live-feeds.com/feed/average-long-term-us-mortgage-rate-at-highest-level-in-nearly-3-years-after-7th-weekly-rise-in-a-rowhttps://www.live-feeds.com/feed/average-long-term-us-mortgage-rate-at-highest-level-in-nearly-3-years-after-7th-weekly-rise-in-a-row#u128447Sat, 17 Oct 2026 16:11:29 +0000The average 30-year fixed-rate mortgage in the US reached 7.40%, the highest level in nearly three years. This peak follows seven consecutive weeks of increases, rising from 7.28% the previous week. According to Freddie Mac, the rate is the highest since November 16, 2023, when it stood at 7.44%. The surge has pressured housing affordability, contributing to a stagnant market where buyers face higher monthly costs and reduced purchasing power. While the 30-year rate recently held steady, the 15-year mortgage rate dipped to 6.71%.Why it mattersMortgage rates are heavily influenced by 10-year Tr