US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week

Bloomberg14 October 2026, 16:31 UTCUnited States of America

US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week. The MBA’s purchase index dropped 4%, marking the sixth straight weekly decline — the longest such stretch since July-August 2023. Bloomberg's Jeff Langbaum joins to discuss. (Source: Bloomberg)

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