Freddie Mac reported the average 30-year fixed mortgage rate at 7.4%, unchanged from the prior week but up from 6.7% in September and the highest since October 2023 (when it hit 7.8%). Inflation for September rose to 3.7% from 3.4% in August, raising the chance the Federal Reserve hikes rates again, which would push mortgage rates higher. Experts expect rates to hover around 7.5% through year-end, with one forecasting up to 7.8%, and Joel Berner of Realtor.com sees 7.2% to 7.8% if inflation stays elevated. Fannie Mae raised its 2026 forecast to 7.4% from 6.8% and projected 7.5% for 2027, citing the federal budget deficit, which pushes up Treasury yields that mortgage rates follow, and inflation expectations. Rates may ease if the war in Iran is resolved, but no one knows when that might happen.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 102.52 |
| Change that session | +0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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