High mortgage rates are deepening a ‘K-shaped’ housing market — Live Feedhttps://www.live-feeds.com/feed/high-mortgage-rates-are-deepening-a-k-shaped-housing-marketContinuously updated, source-cited coverage. High Mortgage Rates Create K-Shaped Divide in US Housing Markethttps://www.live-feeds.com/feed/high-mortgage-rates-are-deepening-a-k-shaped-housing-markethttps://www.live-feeds.com/feed/high-mortgage-rates-are-deepening-a-k-shaped-housing-market#u138704Tue, 20 Oct 2026 05:51:21 +0000A growing divide between equity-rich buyers and those relying on financing is creating a K-shaped housing market. While wealthy buyers continue to move, typical homebuyers face a payment shock driven by rising home prices, limited inventory, and a surge in mortgage rates. Freddie Mac reported the average 30-year fixed mortgage rate reached 7.4% the week of October 15, 2026. This increase has made homeownership less accessible for many and slowed sales in specific regions, such as the Twin Cities.Why it mattersThe current average rate of 7.4% is a significant increase from the 6.27% average rec