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Cranberry Journal

Wednesday, October 21, 2026

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Markets
  • S&P 5007,751.02+0.50%
  • Nasdaq26,694.09+1.02%
  • Dow52,658.82+0.31%
  • 10-yr yield5.12%−0.04%
  • Crude$97.16−0.68%
At the close · Oct 21

Mortgage Rates

Tagged stories

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