{
  "id": 11469608,
  "title": "Mortgages Hit Three-Year High: How Much More a Typical House Now Costs",
  "url": "https://urgent.news/2026/10/02/mortgages-hit-three-year-high-how-much-more-a-typical-house-now-costs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T15:00:46.000Z",
  "source": {
    "name": "Newsweek",
    "slug": "newsweek",
    "url": "https://www.newsweek.com/mortgages-hit-three-year-high-how-much-more-a-typical-house-now-costs-12515913"
  },
  "original_language": "en",
  "account": "Mortgage rates reached a three-year high this week, with the average 30-year fixed-rate mortgage climbing to 7.28 percent, according to the latest Freddie Mac data. This rate increase marks the greatest weekly jump in four years and comes after the 10-year Treasury yield hit its highest level since 2002 due to soaring energy costs, AI spending, and corporate borrowing. Realtor.com senior economist Hannah Jones noted that the 30-year mortgage rate has risen nearly a full percentage point over the past year, adding more than $200 to the monthly payment for a median-priced home. Buyers are now paying about $213 more per month than they were last year, equivalent to $2,552 more per year. States with the highest home prices, such as California and New York, have faced the largest increases. Mortgage experts advise buyers to \"rate-proof\" their budget and consider their credit score, down payment, and lender when planning for a home purchase.",
  "summary": "Higher interest rates are adding roughly $200 per month to homebuyers’ monthly payments. In some states, it is even more.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}