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Average 30-Year US Mortgage Rate Rises to 6.49%, Pushing up Homebuyers’ Borrowing Costs

Higher oil prices and Iran-related tensions pushed long-term bond yields up, while Freddie Mac said the 30-year rate is still below last year’s 6.72%.

  • The average 30-year fixed mortgage rate in the U.S. rose to 6.49% this week from 6.43% last week, pushing up borrowing costs for potential homebuyers.
  • When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
  • Mortgage rates are influenced by factors like the Federal Reserve's interest rate policy decisions and bond market investors' expectations for the economy and inflation.
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23 Articles

Fox 10 PhoenixFox 10 Phoenix
+7 Reposted by 7 other sources
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Mortgage rates are climbing: What homebuyers need to know

While rates remain slightly below where they were a year ago, higher mortgage costs continue to weigh on the housing market by reducing buyers' purchasing power.

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  • 71% of the sources are Center
71% Center

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CNBC broke the news in Englewood Cliffs, United States on Wednesday, July 8, 2026.
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