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Mortgage & Housing30-Year Mortgage Rates Snap Back to 7.30% After Hot Inflation ReadingRetirementSocial Security Benefits to Rise 3.6% in 2027, Biggest Increase Since 2023Budgeting68% of Americans Plan to Trim Holiday Spending, With Many Still Repaying Last YearBankingTop Online Savings Accounts Now Paying Up to 5% APY—Far Above Bank AveragesCreditCredit Card Balances Swell to a Record $1.29 Trillion as APRs Hover Near 20%Mortgage & Housing30-Year Mortgage Rates Snap Back to 7.30% After Hot Inflation ReadingRetirementSocial Security Benefits to Rise 3.6% in 2027, Biggest Increase Since 2023Budgeting68% of Americans Plan to Trim Holiday Spending, With Many Still Repaying Last YearBankingTop Online Savings Accounts Now Paying Up to 5% APY—Far Above Bank AveragesCreditCredit Card Balances Swell to a Record $1.29 Trillion as APRs Hover Near 20%
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Today’s Lead Story
Thursday, November 12

Mortgage & Housing

30-Year Mortgage Rates Snap Back to 7.30% After Hot Inflation Reading

via CNBC

The average 30-year fixed mortgage rate jumped 12 basis points to 7.30% on Tuesday, erasing four weeks of gradual decline after October's stronger-than-expected inflation data rattled bond markets. Applications had climbed 6.2% the prior week as buyers responded to slightly lower rates.

Why it matters

Buyers with a pending offer or expiring rate lock should speak with their lender immediately—the reversal puts December's Federal Reserve meeting back in the spotlight for anyone deciding when to act.

See all today’s storiesRead source

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