Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
Last updated: 2026-10-08 05:42:50 ET
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
The benchmark 30-year fixed-rate mortgage rose for the sixth straight week.
The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortga...
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