https://www.live-feeds.com/feed/is-8-next-why-mortgage-rates-have-surged-and-may-stay-higher-for-longerContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/is-8-next-why-mortgage-rates-have-surged-and-may-stay-higher-for-longerhttps://www.live-feeds.com/feed/is-8-next-why-mortgage-rates-have-surged-and-may-stay-higher-for-longer#u122817Thu, 15 Oct 2026 04:06:05 +0000Mortgage rates have reached a nearly 3-year high of 7.48%, with some forecasts suggesting they may hit 8% or stay above 7% through 2027, impacting housing demand and affordability. The rates are affecting home sales, with pending sales falling to 54,060. Buyers are adjusting to the new rate environment, with some seeing it as an opportunity to negotiate. The housing market is experiencing a slowdown, with high prices and interest rates contributing to the decline.Why it mattersThe surge in mortgage rates is attributed to strong economic growth, high oil prices, and increased spending on AI. Th