interest rates spike
Friday 2's 23-Point Jump Defies Your 7% Rate Plan
A 23-basis-point jump in average mortgage rates on Friday, October 2, 2026, was triggered by a 14-basis-point surge in the 10-year Treasury yield at 1:17 PM. The spike overturned the common belief that rates calm down over the weekend, leaving borrowers who waited to lock facing unexpected costs. Financial