US mortgage rates jump the most in four years in blow to housing market — Live Feedhttps://www.live-feeds.com/feed/us-mortgage-rates-jump-the-most-in-four-years-in-blow-to-housing-marketContinuously updated, source-cited coverage. US Mortgage Rates Hit 7.28% in Largest Jump in Four Yearshttps://www.live-feeds.com/feed/us-mortgage-rates-jump-the-most-in-four-years-in-blow-to-housing-markethttps://www.live-feeds.com/feed/us-mortgage-rates-jump-the-most-in-four-years-in-blow-to-housing-market#u104706Tue, 06 Oct 2026 01:30:26 +0000The average 30-year fixed-rate mortgage climbed to 7.28%, marking the steepest weekly increase in four years. This surge comes from a previous weekly rate of 7.03% and is significantly higher than the 6.34% average recorded one year ago. Rising costs are pushing prospective homebuyers toward riskier adjustable-rate mortgages to maintain affordability. In regions like Greater Boston, the rate hike could increase monthly payments by $1,000 for typical home purchases.Why it mattersHigher borrowing costs reduce the purchasing power of buyers and can freeze the housing market. These rates are appro