Why Mortgage Rates Just Jumped
11m | Oct 2, 2026Freddie Mac’s 30-year fixed mortgage rate rose from 7.03% to 7.28% in the week ending October 1, 2026—the sharpest weekly increase in about four years. The move followed higher long-term Treasury yields, but the central uncertainty is whether it reflects a temporary bond-market shock or a lasting increase in inflation and economic pressure.
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