Today, the average rate on a 30Y mortgage surged by +17 basis points, to 7.45%. This is the highest since November 2023. Early-2023 came with 6%+ inflation, rate hikes, and an economy recovering from pandemic stimulus. Mortgage rates are seemingly back in a similar position. h
Why now
Thesis: Mortgage rates at multi-year highs pressure housing
Catalyst to watch: Fed policy and 10Y yield direction
Main risk: Rates could fall if inflation cools
Why it matters
Mortgage rates at 2023 highs squeeze housing affordability, weighing on real estate and consumer spending.
Details
Today, the average rate on a 30Y mortgage surged by +17 basis points, to 7.45%. This is the highest since November 2023. Early-2023 came with 6%+ inflation, rate hikes, and an economy recovering from pandemic stimulus. Mortgage rates are seemingly back in a similar position. https://t.co/fsGijXHxtJ
Related assets & topics
InflationHousingReal EstateSources
- x · 2026-09-24 23:54 UTC