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Monday, October 26, 2026Updated 23:19 UTC

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

Source: CNBC · Oct 26, 2026 14:00 UTC

Entrance of the Federal Reserve Bank of Cleveland with its arched windows and statues — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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

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