Blog - Larry Hess

Market Updates

Mortgage Rates This Week: 7.18% and Three Straight Strikeouts for High Rates ⚾

The Numbers 30-year fixed: 7.18%, down from 7.24% last week (a year ago: 6.22%) 15-year fixed: 6.57%, down from 6.60% (a year ago: 5.50%) That’s the third drop in a row and the lowest 30-year rate since early October. What It Means for Your Wallet Principal and interest only: $300,000 loan: about $2,032/mo, $12 less […]
Market Updates

Mortgage Rates This Week: 7.32% and the First Change-Up Since August

After weeks of fastballs coming in high and tight, rates finally threw us a change-up. It’s not a home run for buyers, but it’s the first time since late August that the pitch came in a little slower. ⚾ The Numbers Here’s Freddie Mac’s survey from October 22, 2026: 30-year fixed: 7.32% (last week 7.40%, […]
Market Updates

Mortgage Rates This Week: 7.40% and the Pitcher’s Holding the Runner ⚾

Rates didn’t budge this week. Like a pitcher staring down a runner at first, the market is holding still, and nobody’s stealing second just yet. Here’s the scoop. The Numbers Freddie Mac’s weekly survey (October 15, 2026): 30-year fixed: 7.40% (last week 7.40%, a year ago 6.27%) 15-year fixed: 6.71% (last week 6.73%, a year […]
Market Updates

Mortgage Rates This Week: 7.40% and the Rates Keep Climbing like The Miz’s Fastball

If mortgage rates were a pitcher, the radar gun would be smoking. For the fourth straight week, the 30-year fixed came in higher, and this one’s got some extra heat on it. The headline numbers (Freddie Mac, October 8, 2026) 30-year fixed: 7.40% (last week 7.28%, a year ago 6.30%) 15-year fixed: 6.73% (last week […]