Housing
With mortgage rates soaring above 7.5%, the smart money rents in America
If buying a home right now is such a great idea, why doesn't Wall Street want to do it?
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Mortgage rates
6 stories in the last 7 days, reading strong bearish overall. The last day ran at 3.0× its usual pace.
- 7-day mood
- −55.3Strong bearish −55
- Stories, 7 days
- 6
- Last 24 hours
- 23.0× usual
- Sources
- 14in the latest 30
Mood and coverage · last 7 days
Market chart- Mortgage rates · 6-hour average
- Hourly reading
- Stories per hour
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| Day | Mood | Stories |
|---|---|---|
| Fri, Oct 9 | — | 0 |
| Thu, Oct 8 | −56.6 | 3 |
| Wed, Oct 7 | −49.1 | 1 |
| Tue, Oct 6 | — | 0 |
| Mon, Oct 5 | −56.1 | 2 |
| Sun, Oct 4 | — | 0 |
| Sat, Oct 3 | — | 0 |
| Fri, Oct 2 | — | 0 |
Latest on Mortgage rates
Newest firstHousing
Average long-term US mortgage rate rises to highest level in nearly 3 years
Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years
Housing
Highest Mortgage Rates in 3 Years Chills the Housing Market
The average 30-year fixed-rate mortgage rose to 7.4 percent, putting more pressure on Americans struggling to afford to buy a home.
Housing
Mortgage rates sit at nearly 3-year high, and demand continues to shrink
Mortgage rates rose to the highest level in nearly three years, causing demand for both refinancing and homebuying to decline even further.
Housing
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
Housing
Mortgage rates reach 3-year highs, pushing down housing sales
Mortgage rates have reached three-year highs, which is pushing down housing sales. Akiko Fujita has more details from Los Angeles.
Finance
The rising cost of borrowing piles more financial pressure onto consumers
Mortgage rates are at their highest level in almost three years. The rising cost of borrowing is driving life's major purchases further out of reach.
Housing
Mortgage rates soar to 7.28% - highest level in nearly 3 years
The benchmark 30-year fixed-rate mortgage rose for the sixth straight week.
Housing
Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28%
The average long-term U.S. mortgage rate remained above 7% this week, reaching its highest level in nearly three years
Housing
As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs
The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortgages.
Housing
This couple took out an adjustable-rate mortgage when rates were over 8%. Here's how it worked out.
Adjustable-rate mortgages have made a comeback as mortgage rates surge and buyers seek relief from high housing costs.
Housing
30-year mortgage rate posts biggest jump in four years - to nearly 7.3%
Mortgage rates surged to roughly a three-year high, a fresh setback for an already depressed housing market.
Housing
Mortgage rates posted their largest increase in four years this week
The rise to 7.28% follows the bond-market rout and deals another blow to a limping housing market.
Housing
House hunters face a financial double whammy rarely seen: rapidly rising mortgage rates and home prices that keep hitting record highs
With prices at record highs and inventory locked up, house hunters are left with dwindling financing options.
Housing
Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard
Mortgage demand dropped for the 7th straight week, as rates surged well over 7% on the 30-year fixed.
Housing
Mortgage rates break past 7% as bond yields surge, deepening U.S. housing gridlock
Bond yields rose this week pushing mortgage rates above 7 percent. That's another big challenge for the already limping US housing market.
Geopolitics
High Gas and Rising Mortgage Rates Trouble Trump as Midterms Near
As the president extolled the strength of the economy on the global stage, Americans continued to feel the sting of rising prices stemming from the war in Iran.
Housing
This is why you might see 8% mortgage rates soon
Also in Weekend Reads: The bond market selloff's consequences for AI, a threat to the buy-and-hold investment style and advice from the Moneyist.
Technology
Mortgage rates top 7% for the first time in 20 months, and Google goes orbital | Sozzi Unleashed
Mortgage rates top 7% for the first time in 20 months, and Google goes orbital | Sozzi Unleashed
Macro
30-year fixed mortgage rate jumps sharply Thursday to 7.45%
The 30-year fixed rate surged to 7.45%, the highest level since April 2024 as bonds sold off and yields rose.
Housing
8% mortgage rates are 'not an impossibility' as the 30-year fixed rate surges
With the 10-year Treasury up sharply and the outlook for the U.S. economy looking unclear, some say 8% mortgage rates are back on the table.
Housing
Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Housing
Mortgage Rates Hit 7% as Iran War Fallout Crushes a Weak Housing Market
The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.
Housing
US mortgage rates top 7% for first time in 20 months
Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wagesUS mortgage rates surpassed 7% for the firs…
Housing
Mortgage rates top 7% for first time since January 2025 in blow to homebuyers
The average rate is now the highest its been since Jan. 16, 2025, when it was at 7.04%.
Housing
Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%
The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebu…
Housing
Mortgage rates have just surpassed 7% for the first time in well over a year
Rates have climbed more than a full percentage point since the U.S. war against Iran started.
Housing
Average 30-year mortgage rates hit 7.03% this week, the first time they have surpassed 7% since the beginning of last year
The effect of rates topping the psychologically important 7% level is rippling through the market for buyers, sellers and builders.
Housing
Mortgage rates surpass 7% for first time in 2 years amid inflation, Iran war
The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's d…
