Mortgage rates hit a new high for 2026, marching closer to 7%
Freddie Mac said rising Treasury yields and global bond-market selling pushed borrowing costs higher, leaving refinancing out of reach for many homeowners.
- The average 30-year fixed mortgage rate rose to 6.71% this week, according to Freddie Mac, marking the highest level since July 2025.
- A global bond market sell-off, driven by concerns over the Iran conflict and inflation, pushed the 10-year Treasury yield to its highest level since October 2023.
- Pending home sales dropped in July to their weakest level since the start of the year, according to the National Association of Realtors.
- With mortgage rates marching toward 7%, refinance activity has cooled, according to WSFS Bank's Jeffrey Ruben, as homeowners struggle to lower borrowing costs.
- Redfin economist Chen Zhao expects mortgage rates to remain in the mid- to upper-6% range for the rest of the year, as rising yields impact auto loans and other borrowing.
103 Articles
103 Articles
Benchmark mortgage rate hits highest mark in more than a year
The 30-year mortgage rate reached its highest mark in more than a year Thursday, portending lower purchasing power for prospective homebuyers. The benchmark 30-year fixed mortgage rate is 6.71 percent this week, up from 6.66 percent a week ago, Freddie Mac reported Thursday. That is the highest point for the 30-year rate since the week...
30-year mortgage rate surges to highest level since July 2025 | Honolulu Star-Advertiser
The average rate on the popular 30-year fixed-rate mortgage rose this week to its highest in more than a year, a fresh pain point for households already dealing with affordability challenges as a surge in energy prices amid renewed Middle East hostilities pushes up inflation.
Mortgage rates climb to highest level since July 2025
Mortgage rates climbed to their highest levels in more than a year, as recent turmoil in the bond market continued to spread, putting pressure on consumers already struggling with persistent inflation and compounding the housing crisis in the United States.
Mortgage rates climb to 14-month high as Fed decision looms
Mortgage rates climbed to about 6.71% for a 30-year fixed, the highest in more than a year, with the 15-year rate near 6.04%, as inflation, Fed policy expectations, and geopolitical factors like the U.S.-Iran conflict and higher oil prices push yields higher. The uptick is squeezing affordability and weighing on housing demand, though some buyers remain active as markets adapt to the new rate environment. · 18 sources across the spectrum on IJR …
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
