Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard — Live Feedhttps://www.live-feeds.com/feed/mortgage-rates-jump-for-the-sixth-straight-week-hitting-both-refinance-and-homebuyer-demand-hardContinuously updated, source-cited coverage. US Mortgage Rates Hit Near 3-Year High of 7.3%https://www.live-feeds.com/feed/mortgage-rates-jump-for-the-sixth-straight-week-hitting-both-refinance-and-homebuyer-demand-hardhttps://www.live-feeds.com/feed/mortgage-rates-jump-for-the-sixth-straight-week-hitting-both-refinance-and-homebuyer-demand-hard#u101597Mon, 05 Oct 2026 05:52:05 +0000Mortgage rates have climbed for six consecutive weeks, reaching a peak of 7.3%. The 30-year fixed rate has surged well over 7%, causing mortgage demand to drop for seven straight weeks. This trend has severely impacted both homebuyer and refinance activity, with some reports indicating a 6% decrease in demand. The most recent spike represents the largest one-week increase in nearly four years, pushing borrowing costs to their highest levels since 2023 and further freezing an already weak housing market.Why it mattersThe current volatility follows a period of explosive growth during COVID-19 lo