https://www.live-feeds.com/feed/mortgage-rates-sit-at-nearly-3-year-high-and-demand-continues-to-shrinkContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/mortgage-rates-sit-at-nearly-3-year-high-and-demand-continues-to-shrinkhttps://www.live-feeds.com/feed/mortgage-rates-sit-at-nearly-3-year-high-and-demand-continues-to-shrink#u112375Fri, 09 Oct 2026 14:41:44 +0000US mortgage rates jumped to 7.49 percent, reaching their highest level in nearly three years and causing a further decline in demand for both homebuying and refinancing. This sharp increase in borrowing costs has triggered sticker shock for consumers looking to purchase homes or vehicles. The surge in rates also creates severe pressure on the broader housing market, compounding political challenges for the Republican party as the housing squeeze intensifies. Analysts note that future mortgage rate projections heavily rely on the performance of the 10-year Treasury yield.Why it mattersRapidly c