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At close · Tue, Oct 6, 2026
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Home›Real Estate›Mortgages›Average 30-year mortgage rate rises to 7.4 percent

Average 30-year mortgage rate rises to 7.4 percent

The increase adds pressure on would-be buyers already struggling to afford a home.

Reported · Written up by our desk · Mortgages

The average 30-year fixed-rate mortgage climbed to 7.4 percent, according to coverage from The New York Times.

The rise is the highest mortgage rate level in about three years, and it is putting additional strain on Americans trying to buy a home.

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Sources

NYT BusinessHighest Mortgage Rates in 3 Years Chills the Housing Market
NYT EconomyHighest Mortgage Rates in 3 Years Chills the Housing Market

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