Michelle Mo Song

Michelle Mo Song

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Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market

USA Real Estate News-RISMedia - Fri, 2026-10-02 12:34

The Federal Reserve’s new interest rate increase will likely be felt throughout the real estate industry, with mortgage rates surpassing last week’s data highlighting a two-year peak. According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.28%, up from last week’s average of 7.03% and up from last year’s…

The post Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market appeared first on RISMedia.

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