Mortgage Rates Rise for Seventh Straight Week, Squeezing Homebuyers

Friday, October 09, 2026

Mortgage rates rose for the seventh straight week, mortgage buyer Freddie Mac said Thursday.

Posted by Doc_Sarvis at 10:30 AM | 9 COMMENTS | permalink | Comment on This Entry |

Mortgage rates climbed higher for the seventh week in a row, to 7.40%, driving the average long-term U.S. home loan rate to its highest level in nearly three years. One year ago, the average rate was 6.30%.

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-- The Denver Post (@denverpost.com) 2:06 PM Â· Oct 8, 2026

Comments

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Suboptimal.

#1 | Posted by Doc_Sarvis at 2026-10-08 03:00 PM | Reply

It's all tied to the bond market.

#2 | Posted by lfthndthrds at 2026-10-08 08:37 PM | Reply

Captain Obvious enters the chat

#3 | Posted by truthhurts at 2026-10-08 08:47 PM | Reply

Maybe you should ponder why the bond markets are acting the way they are.

#4 | Posted by truthhurts at 2026-10-08 08:48 PM | Reply

Bond markets are reacting to the spending that has occurred in western countries since COVID.

#5 | Posted by lfthndthrds at 2026-10-09 08:25 AM | Reply

Bond markets are reacting to the spending that has occurred in western countries since COVID.
#5 | Posted by lfthndthrds

Hahahaha!

I'm sure Trump starting a war with Iran and a trade war with the world isn't a factor.

It's all because of something Biden did.

Six years ago.

That's just now undergoing "price discovery."

#6 | Posted by snoofy at 2026-10-09 10:53 AM | Reply

-I'm sure Trump starting a war with Iran and a trade war with the world isn't a factor.

When's the last time we built a new refinery?

How many refineries shut down for good since Biden was elected?

Keystone Pipeline, anyone?

Look at the price spread between a barrel of crude and the price of fuel and tell me you're not really retarded.

Trump's escapades in the ME aren't helping things but it's definitely not the only elephant in the living room.

#7 | Posted by lfthndthrds at 2026-10-09 12:51 PM | Reply

-Hahahaha!

Is usually what comes right before you say something really stupid.

#8 | Posted by lfthndthrds at 2026-10-09 12:52 PM | Reply

How many refineries shut down for good since Biden was elected?

#7 | Posted by lfthndthrds

Do you have a link to an article about how the POTUS and our Fed Gov builds refineries? I'd love to see it.

#9 | Posted by Whatsleft at 2026-10-09 02:18 PM | Reply