- The FOMC kept its benchmark rate in a 3.75% to 4% range at its October meeting.
- LendingTree says average credit card rates have risen three straight months to their highest since December 2025.
- Mortgage News Daily shows 30-year fixed mortgage rates above 7% for more than a month.
- Mark Zandi of Moody's Analytics estimates the war has cost the average American household about $2,000 so far, mostly through higher energy costs.
Quotes
“Credit card rates have risen for three straight months and are now at their highest levels since December 2025”
“There is no single switch that will bring mortgage rates meaningfully lower”
“Lower- and middle-income consumers are increasingly struggling with falling real wages and high rates”