Markets
Mortgage Rates Reach 7.30% in a Sixth Straight Weekly Rise as Applications Fall 6%
The Mortgage Bankers Association's weekly survey put the average 30-year fixed rate at its highest level since November 2023, with refinance volume down 9% and purchase volume down 4%.
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By Marcus Elrod
Oct 1, 2026 · 5 min read
The average contract rate on a 30-year fixed mortgage rose to 7.30% in the Mortgage Bankers Association's weekly applications survey released Wednesday, the sixth consecutive weekly increase and the highest reading since November 2023.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.