Mortgage rates have climbed to 7.43% for extended-term mortgages, in line with data released on October 1, 2026. The Wall Street Journal notes that these elevated rates are affecting potential homeowners, with specialists indicating that the current levels are more challenging than previous hikes. However, certain areas, such as the DC region, are seeing buyers retain an advantage. Various strategies to reduce home loan costs are being explored on realestate.com.au.