![\"\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/10\/gettyimages-2296610721.jpg\")
article <\/p>\n article <\/p>\n
A for sale sign is posted in front of a new KB Home house on September 22, 2026 in Santa Clarita, California. (Photo by Justin Sullivan\/Getty Images) <\/p>\n
Mortgage rates<\/a> rose for the seventh straight week, mortgage buyer Freddie Mac said Thursday.<\/p>\n Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage<\/a> rose to 7.4% from last week’s reading of 7.28%.<\/p>\n The average rate on a 30-year loan was 6.3% a year ago.<\/p>\n BABY BOOMERS ARE POISED TO UNLEASH MILLIONS OF HOMES \u2014 BUT THERE’S A CATCH FOR FIRST-TIME BUYERS<\/a><\/p>\n “This increase comes amid continued upward pressure from the 10-year Treasury yield, which averaged 5.28% this week, 9 basis points higher than the week before,” said Realtor.com senior economist Joel Berner. “A wicked brew of inflation expectations, a broad bond market selloff, and rising fiscal deficits requiring new debt issuance is pushing bond yields higher, and mortgage rates are following.”<\/p>\n The average rate on a 15-year fixed mortgage<\/a> climbed to 6.73% from last week’s reading of 6.6%.<\/p>\n Mortgage rates are affected by several factors, including the Federal Reserve<\/a> and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 5.22% as of Thursday afternoon.<\/p>\n Berner said the high rates “have the housing market spooked.”<\/p>\n “Pending home sales fell year over year in both August and September even before rates crossed the 7% threshold, and sellers have been forced to cut prices at a rate not seen in four years,” he said. “The increased costs of financing a home purchase have discouraged buyers already squeezed by affordability constraints, but those able to buy in cash are experiencing very favorable conditions, with prices down 1.4% year over year and for-sale inventory up 5.4% year over year.”<\/p>\n Read more of this story from FOX Business.\u00a0<\/a><\/p>\n Real Estate<\/a>House and Home<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"article A for sale sign is posted in front of a new KB Home house on September 22,…\n","protected":false},"author":2,"featured_media":642676,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,2096,186478,85,46,231,43,4861],"class_list":["post-642675","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-consumer","tag-house-home","tag-il","tag-israel","tag-lifestyle","tag-news","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/642675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=642675"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/642675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/642676"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=642675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=642675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=642675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}