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Benchmark mortgage rate hits highest mark in more than a year

The 30-year mortgage rate reached its highest mark in more than a year Thursday, portending lower purchasing power for prospective homebuyers. The benchmark 30-year fixed mortgage rate is 6.71 percent this week, up from 6.66 percent a week ago, Freddie Mac reported Thursday. That is the highest point for the 30-year rate since the week…

Trade deficit ticks up

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trade deficit ticks up The U.S. trade deficit grew to $88.6 billion in July, rising to its highest level in more than a year, according to new data from the Commerce Department. © Mario Tama, Getty…

Monday, October 12, 2026

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