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General / Automotive Automotive

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

Source: cnbc October 7, 2026 · 04:00
Mortgage rates sit at nearly 3-year high, and demand continues to shrink
Photo by Monstera Production · Pexels
From the publisher
Mortgage rates rose to the highest level in nearly three years, causing demand for both refinancing and homebuying to decline even further.
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CNBC

The Consumer News and Business Channel (CNBC) is an American business news channel owned by Versant. The network broadcasts live business news and analysis programming during the morning, daytime business day, and early-evening hours, with the remaining hours filled by business-related documentaries and reality television programming, as well as occasional sports presentations from USA Sports. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and…

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