30-Year Mortgage Rate Hits 7.40% After Seventh Straight Weekly Rise
Freddie Mac data shows the average 30-year fixed mortgage rate climbed to 7.40% on October 8, 2026, up 1.1 points from a year ago, as existing home sales and refinancing both slow.
Interest Rates & the Fed
Wall Street Braces for CPI, Fed Meeting and Bank Earnings
The S&P 500’s 14% rally faces a test this week as September CPI, bank earnings and a Fed decision loom, while gold climbs to $4,221.80 on rate-hike bets.
RBI’s 25bps Rate Hike to 5.5% Ripples Into Home Loans
India’s central bank raised rates for the first time in four years, and lenders like PNB Housing Finance expect margin gains that could trickle into cheaper loans.
Trump Blasts Fed Over Mortgage Rates, Says Policymakers Want Economy to ‘Do Badly’
President Trump criticized the Federal Reserve over elevated mortgage rates, while Treasury Secretary Bessent pointed to an energy shock from the Iran conflict as the real driver of inflation.
Bond King Gundlach Warns of Rate ‘Collision Course’ as 10-Year Yield Tops 5%
DoubleLine’s Jeff Gundlach warns higher rates could trigger a US recession as the 10-year Treasury yield surpasses 5%, while the Treasury’s $6 billion bond buyback fails to calm markets or mortgage rates.
Fed Hikes Rates to 3.75%-4.00% in Unanimous Vote, Investors Brace for More
The Federal Reserve raised its benchmark rate a quarter point to 3.75%-4.00% in a unanimous vote, the first hike since 2023. Stocks fell, the dollar surged, and traders now price in further tightening.
Fed Hikes Rates for First Time in 3 Years as Economy ‘Runs Hot’
The Fed raised rates 25bps to 3.75%-4%, its first hike in three years. Oil near $110, 10-year yields above 5% and inflation over 3% fuel overheating fears.
Treasury Yields Hit 5% as Fed Nears First Rate Hike in 3 Years
The 10-year Treasury yield has climbed to 5% as markets price in a 94.5% chance of a Fed rate hike this week. Here is what it means for loans, stocks and your wallet.
Fed Under Pressure: Warsh Faces Rate Hike as US Interest Bill Nears $1.4 Trillion
Kevin Warsh’s Federal Reserve is expected to raise rates this week even as America’s interest costs hit a record $1.4 trillion and total debt tops $40 trillion, economists warn.
Fed’s Z.1 Report Shows Record $195.9 Trillion Household Wealth Ahead of Rate Decision
US household net worth hit a record $195.9 trillion and an 8.28x income ratio just before a Fed meeting where futures price an 85% chance of a rate hike.