Rising mortgage rates sideline would-be homebuyers

Published on: 10/08/2026

This news was posted by Oregon Today News

Description

The housing market has been stuck in a rut this year in large part because of rising mortgage rates, which can add hundreds of dollars a month in costs for borrowers, limiting homebuyers’ purchasing power and prompting many to put off buying a home.

Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years.

News Source : https://www.oregonlive.com/nation/2026/10/mortgage-rates-rise-for-7th-straight-week.html

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