What It Takes To Buy a $430K Home at a 7.28% Rate
By: Dina Sartore-Bodo | Published: 2026-10-02 14:05:00 | Source: www.realtor.com
Mortgage rates experienced a sharp upward surge this week, with the average rate on 30-year fixed home loans climbing to the 7.28% mark for the week ending Oct. 1, up 25 basis points from 7.03% the previous week, according to Freddie Mac.
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This substantial increase reflects a significant tightening in borrowing conditions as rates reach new highs for the year. For perspective, rates averaged…
