30-year fixed rate
Stop Ignoring Mortgage Rates Spike Before 2027
Mortgage rates spiked on October 2, 2026, and the jump will affect borrowers through 2027 by raising monthly payments and reshaping refinancing decisions. The surge was especially sharp for adjustable-rate mortgages, which rose nearly double the percentage points of conventional 30-year fixed loans. The average 30-year fixed mortgage rate jumped