✉news BusinessReal Estate first seen 13 h ago, last 4 h ago, peak #12

Mortgage Rates Rise: 30-Year Hits 7.44%

Original: Today’s Mortgage Rates, October 2: 30-Year Jumps to 7.44%, 5/1 ARM Nears 7%

Mortgage rates climbed on October 2, with the average 30-year fixed rate jumping to 7.44% and the 5/1 adjustable-rate mortgage approaching 7%. The increase adds to affordability pressures for homebuyers and those considering refinancing. Borrowers are watching rate movements closely as higher borrowing costs continue to strain the housing market.

Why now: Rising mortgage rates directly affect home affordability and buyers' decisions right now

30-year fixed mortgage5/1 ARM mortgageNorada Real Estate Investments

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• Today’s Mortgage Rates, October 2: 30-Year Jumps to 7.44%, 5/1 ARM Nears 7% · Norada Real Estate Investments

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