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<title>Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard</title>
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<description>Mortgage rates continued to climb for the sixth straight week, reaching the highest level since November 2023. That caused weekly demand to drop 6%, according to the Mortgage Bankers Association&#x26;#x2019;s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased last week to 7.30% from 7.12%, with points rising to 0.75 from 0.73, including the origination fee, for loans with a 20% down payment. Refinance demand has been hit hardest, given that so few borrowers can now benefit at today&#x26;#x2019;s higher interest rates. Applications to refinance a home loan dropped...</description>
<author>CNBC</author>
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<pubDate>Wed, 30 Sep 2026 20:52:29 GMT</pubDate>
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