Housing Recovery vs. Mortgage Affordability

This is worse than a Halloween movie.

Mortgage rates are back at levels that could seriously reshape the housing market.

The 30-year fixed mortgage rate jumped to 7.45% Thursday, up 19 bps in one day and the highest level since April 2024.

Rising Treasury yields, higher oil prices, and stronger economic data are adding to the pressure.

At 7.45%, affordability remains a huge hurdle for would-be buyers.

https://www.cnbc.com/2026/09/24/30-year-fixed-mortgage-rate-spikes-thursday-to-7point45percent.html