https://www.live-feeds.com/feed/mortgage-rates-hover-at-7-4-highest-since-2023Continuously updated, source-cited coverage. https://www.live-feeds.com/feed/mortgage-rates-hover-at-7-4-highest-since-2023https://www.live-feeds.com/feed/mortgage-rates-hover-at-7-4-highest-since-2023#u133613Sun, 18 Oct 2026 23:00:45 +0000The average long-term US mortgage rate remained steady at 7.4% as of October 15, 2026, marking the highest level since late 2023. Freddie Mac reports this figure represents the peak of a seven-week climb. While the 30-year fixed rate held firm, the 15-year rate decreased slightly to 6.71% from 6.73%. These elevated rates have persisted for eight consecutive weeks, increasing financial pressure on homebuyers and contributing to a K-shaped housing market. In Utah, home builders are offering incentives to attract buyers squeezed by these costs.Why it mattersRates began rising in late February fol