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Demand for rental homes has increased as potential homebuyers face elevated mortgage rates

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The Philadelphia Inquirer
October 16, 2026
Mortgage RatesSource: GNews

The average interest rate for the popular 30-year, fixed-rate mortgage is now 7.4%, the highest rate in almost three years, according to Freddie Mac.

The average interest rate for the popular 30-year, fixed-rate mortgage is now 7.4%, the highest rate in almost three years, according to Freddie Mac....

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Originally published by The Philadelphia Inquirer

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