Mortgage Rates Race Past 7.5% As Borrowing Costs Surge

Mortgage Rates Race Past 7.5% As Borrowing Costs Surge — Live Feedhttps://www.live-feeds.com/feed/mortgage-rates-race-past-7-5-as-borrowing-costs-surgeContinuously updated, source-cited coverage. US Mortgage Rates Surpass 7.5% Amid Bond Market Selloffhttps://www.live-feeds.com/feed/mortgage-rates-race-past-7-5-as-borrowing-costs-surgehttps://www.live-feeds.com/feed/mortgage-rates-race-past-7-5-as-borrowing-costs-surge#u100763Mon, 05 Oct 2026 01:10:37 +0000Average 30-year fixed mortgage rates exceeded 7.5% on Tuesday, the highest level since April 2024. This surge follows a sharp bond-market selloff and rising Treasury yields, with rates increasing for six consecutive weeks. The spike has suppressed demand for both new home purchases and refinancing. While some specific loans like FHA and VA rates were reported between 7.11% and 7.14% on September 30, the broader market trend shows borrowing costs racing higher in a matter of days, compounding existing housing affordability challenges.Why it mattersHigh interest rates create a standoff between s