00:00The average 30-year fixed mortgage rate jumped sharply Thursday, reaching 7.45 percent,
00:07according to Mortgage News Daily. The rate climbed 19 basis points in a single day
00:12as the 10-year Treasury yield pushed above 5.2 percent, adding pressure to borrowing costs.
00:18Mortgage rates are now at their highest level since 2024, complicating plans for buyers heading
00:25into the final months of the year. Higher financing costs are now putting another hurdle
00:29in front of the housing market.
