Mortgage Rates Just Keep Going Up

Investopedia Markets News (all except PF) · Oct 8, 2026

Home borrowing costs at a time when the market was already slowing.Credit: Amrei Schulz / Photothek via Getty ImagesKey TakeawaysThe average rate for a 30-year fixed mortgage rose to 7.4% this week, according to Freddie Mac.Rates have risen by 1.6 percentage points since the war in Iran kicked off.The monthly payment for the median existing home is $363 higher than before the war began.Mortgage rates have gone nearly vertical in the last few weeks, rapidly pushing up home loan borrowing costs at a time when the housing market was already slowing down.The average rate offered for a 30-year…