# Mortgage rates above 7% are the 'new normal'—here's why

- Source: CNBC
- Published: 2026-10-26T14:00:01+00:00
- Category: Local
- Original: https://www.cnbc.com/make-it/2026/10/26/mortgage-rates-above-7percent-are-the-new-normalheres-why.html
- Canonical: https://groundlevelnews.com/story/mortgage-rates-above-7-are-the-new-normal-here-s-why-1071a4/

High inflation and competition for investor dollars are helping keep longer-term interest rates elevated, economists say.

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