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Cranberry Journal

Tuesday, November 10, 2026

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Markets
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  • Dow52,389.75+2.15%
  • 10-yr yield4.95%+1.85%
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At the close · Nov 10

Mortgage Rates

Tagged stories

A tall green Yes Way gas station sign against a clear blue sky lists Regular Plus at $4.55, premium at $4.90 and diesel at $5.39 a gallon, beside a green fuel canopy and grain silos.
The Numbers

Inflation Is 3.7 Per Cent, Less Than Half Its Rate Before the 2022 Midterms. Gasoline and Mortgages Cost More Than They Did Then.

U.S. consumer prices rose 3.7 per cent in the year to September, against 8.2 per cent in the last reading before the November 2022 midterm elections, Bureau of Labor Statistics data show. Gasoline averaged $4.27 a gallon in the latest weekly survey, 47 cents more than on the eve of that vote. The October jobs and price reports come out after Tuesday's election.

By Daniel Okafor  

A curving residential street of single-storey stucco houses with garages, palm and oak trees and trimmed lawns under a bright, streaked blue sky.
Money

PulteGroup's Orders Fell 6 Per Cent With Mortgage Rates Above 7 Per Cent. Its Land and Housing Inventory Has Grown by $1.2 Billion This Year.

PulteGroup said on 22 October that third-quarter net new orders fell 6 per cent to 6,208 homes and earnings fell to $2.53 a share from $2.96, as closings dropped 9 per cent. Chief executive Ryan Marshall said rising rates had pushed "even more consumers to the sidelines." The average 30-year mortgage rate was 7.32 per cent in the week to 22 October, against 6.19 per cent a year earlier, Freddie Mac said.

By Daniel Okafor  

Timber wall framing and roof trusses of a new house under construction against a clear blue sky.
Money

Housing Starts Fell 5.2 Per Cent to 1.221 Million, Inside the Census Margin of Error. Signed Contracts Fell 7.3 Per Cent, and in Every Region.

The Census Bureau said on Tuesday 20 October that September housing starts fell 5.2 per cent to a seasonally adjusted annual rate of 1,221,000, while building permits were little changed at 1,400,000. The same day the National Association of Realtors said pending home sales fell 7.3 per cent on the month and 11.3 per cent from a year earlier.

By Daniel Okafor  

A residential street in the Boston area in autumn, with a white clapboard colonial house and a brick-and-grey-shingle house behind a hedge, red and orange trees, and overhead power lines under a grey sky.
The Numbers

Mortgage Rates Are Back Where They Were in 2023. This Time the Cushion Is Already Spent.

The average 30-year mortgage rate rose to 7.28 per cent this week, Freddie Mac said, the highest since November 2023 and the biggest weekly jump since October 2022. The rate is the same as three years ago. What produces it is not. In 2023 lenders charged almost three points over the ten-year Treasury. Now they charge about two, and the ten-year is doing the rest.

By Daniel Okafor