Mortgage Rates Surge, Logging Largest Weekly Gain Since 2022
WSJ Minute Briefing

Mortgage Rates Surge, Logging Largest Weekly Gain Since 2022

B2Upper-intermediateOctober 1, 20261 min
  • News bulletin
  • Business & money

Plus: Hoping to calm investors, France outlines tens of billions of euros in spending cuts. And Accenture shares jumped around 20% after the consulting company said AI was driving client spending. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and...

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Mortgage rates this week have posted their largest increase in four years.

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0:00

Here's your midday brief for Thursday, October 1. I'm Alex Osella for The Wall Street Journal. Mortgage rates this week have posted their largest increase in four years. Freddie Mac says that rates for 30-year fixed rate mortgages rose to 7.23% from just over

0:19

7%. That's the biggest jump since 2022. The surge is one of the clearest signs of how the recent bond market sell-off is spilling into the broader economy.

0:29

Speaking of the bond sell-off, the French government is aiming to cut tens of billions of euros in spending next year, as the government seeks to calm investor worries that are driving its borrowing costs to their highest levels in decades. This week, France's 10-year government bond yield approached 5% for the first time since

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