✉news BusinessReal Estate first seen 8 h ago, last 12 min ago, peak #12
30-Year Mortgage Rates Jump to 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 rising to 7.44% and the 5/1 adjustable-rate mortgage approaching 7%. The increase adds to affordability pressures for homebuyers, who face some of the highest borrowing costs in decades. Analysts point to stubborn inflation and elevated Treasury yields keeping rates near historic highs.
Why now: Homebuyers and homeowners are closely watching rate moves that directly affect affordability and refinancing decisions.
Norada Real Estate Investments
Rank over time, top of the chart is #1. 3 snapshots from 5 h ago to 12 min ago.
Evidence
- 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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