October 7, 2026
United States:
US Mortgage Rates Jump to 7.49%, Highest Since 2023
US mortgage rates climbed for a seventh straight week to their highest level in nearly three years, compounding the nation’s affordability problem.
The contract rate on a 30-year fixed mortgage rose 19 basis points to 7.49% in the week ended Oct. 2, its highest point since November 2023, according to Mortgage Bankers Association figures released Wednesday.
Europe:
EU Plans Import Cap on Chinese Hybrid Cars to Protect Sector
The European Union is preparing so-called safeguard measures that would limit imports of Chinese hybrid vehicles into the bloc in a bid to reduce the trade deficit.
The European Commission, which handles trade matters for the EU, may impose the restrictions after Chinese-made hybrid sales surged in Europe, according to people familiar with the matter.
Asia:
Japan’s Real Wages Rise Again, Aided by Takaichi’s Relief
Japanese workers’ real wages rose for an eighth straight month, the longest streak of gains in almost a decade, as Prime Minister Sanae Takaichi’s inflation-relief measures helped bolster households’ purchasing power.
Real cash earnings — adjusted for inflation excluding rents — climbed 1.5% in August from a year earlier, the labor ministry reported Wednesday, matching the median economist forecast.
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