Back to News
Market Impact: 0.25
US Mortgage Rates Hit Highest Level Since 2023
Source: Bloomberg
Housing & Real EstateInterest Rates & YieldsElections & Domestic Politics
The contract rate on a 30-year fixed mortgage rose 19 basis points to 7.49% in the week ended Oct. 2, its highest level since November 2023. The article notes the increase could pose a problem for Republicans heading into the midterm elections.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly negative
Sentiment Score
-0.20
More News
- Trump says he is not keen on a deal with Iran as U.S. reportedly prepares for 'massive bombing'
- US stocks slide as oil prices fluctuate over renewed Iran war fears
- Oil, Inflation Fears Derail Record US Stock Rally
- Asia shares subdued, bonds swamped by AI debt wave
- Rupee Nears Record Low Even as RBI Signals Further Tightening
- Megacaps Are Back Driving the US Stock Rally in Hot-Running Economy