Mortgage Rates and Home Prices: The 30-Year Tops 7% Again — What to Expect in 2027
The average 30-year fixed mortgage rate hit 7.28% this week (Freddie Mac, October 1, 2026) — the highest since November 2023. Yet the median existing home still sold for $429,100 in August, up 1.6% from a year ago. Rates have more than doubled since 2021, and they just jumped again.…
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