The contract rate on a 30-year fixed mortgage rose 19 basis points to 7.49% in the week ended Oct. 2, its highest point since November 2023. This could pose a problem for Republicans heading into the midterm elections. Bloomberg Surveillance anchors discuss the news.
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18 Comments
@snozberries630 · November 12, 2026 at 3:17 pm
Okay and? Send another $5 Billion to Israel!!
@Jake-pf4kv · November 12, 2026 at 3:17 pm
But realtors said they were going back to 3%
@ReeAnnBetts · November 12, 2026 at 3:17 pm
The highest mortgage rate in USA history was 18.63% in 1981 – under democratic leadership.
@2ferone86 · November 12, 2026 at 3:17 pm
This has happened thousands of times over thousands of years.
The Root cause of most of these problems is currency debasement.
Even in the days of precious metal coins like gold/silver they still debased it.
@sarabeth8050 · November 12, 2026 at 3:17 pm
Home buyers: "Truck Fump!"
@The_Stockfather · November 12, 2026 at 3:17 pm
Oh no! With the cost of houses this is egregious!
@MrRandyfive · November 12, 2026 at 3:17 pm
Why would anyone want to fix the rates….. banks will make mega profits . Yeeeaahhĥhh
@deadcat3times3 · November 12, 2026 at 3:17 pm
It's about punishing who started and stoodby this dumpster fire economy
@jonathantaylor6926 · November 12, 2026 at 3:17 pm
"Highest level since 2023"… You can say it another way… Over the last 26 years mortgage rates were under 7% for 24 of those 26 years"… they are trying to make it seem like 7% is sorta normal because it happened 3 years ago.. but the truth is mortgage rates were low for decades and homes are still priced as if mortgage rates are 3%.
@mamacryright5740 · November 12, 2026 at 3:17 pm
1929
@lavague7648 · November 12, 2026 at 3:17 pm
TRUMP FULFILLS HIS PROMISES😂😂😂. USA FINALLY GOT RATES OF AFRICAN COUNTRIES. THE MOST DESTRUCTIVE ADMINISTRATION I CAN RECALL.
@nivedvasukuttan7633 · November 12, 2026 at 3:17 pm
For a change amend zoning laws
@chickengenius4202 · November 12, 2026 at 3:17 pm
Even if you are all cash, it’s still half a million for a decent house
@mgv19able · November 12, 2026 at 3:17 pm
No it not in Trump or Bessent hands. He was warn Now you guys pay
@Mentaljedi · November 12, 2026 at 3:17 pm
Not invading iran wouldve been a start
@gingerc5292 · November 12, 2026 at 3:17 pm
Thanks trump! The King of Bankruptcies….America's next.
@GlutenFreeCracker · November 12, 2026 at 3:17 pm
"the word affordability is a democrat scam" – TRUMP
@Womba1009 · November 12, 2026 at 3:17 pm
Who knew Trump would not lower the defecit, expand oil output to lower cost and solve the Ukr conflict. It's as if everything he said as a politician was bs. 🎉🎉😂😂