Mortgage Rates Rise for 5th Straight Week, Hitting Levels Not Seen Since 2025 for 2nd Week in a Row
Higher bond yields and inflation worries pushed 30-year rates to 6.81%, according to Mortgage Bankers Association data, while loan applications fell 3.6%.
- The average rate on a 30-year fixed U.S. mortgage climbed to 6.69%, marking its fifth consecutive weekly increase and its highest level in just over a year, adding to affordability challenges for prospective homebuyers.
- Rising mortgage rates are increasing monthly borrowing costs, reducing buyers' purchasing power and contributing to continued weakness in U.S. home sales.
- Mortgage rates remain influenced by inflation, Federal Reserve policy expectations, and movements in the 10-year Treasury yield, which lenders use as a benchmark for home loan pricing.
- While borrowing costs for 15-year fixed-rate mortgages edged slightly lower this week, elevated long-term bond yields have kept overall mortgage rates near their highest levels since mid-2025.
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The economic context has turned and borrowers could become rarer, warned the Crédit Logement/CSA Observatory last month.
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Mortgage Rates Flatten, but They’re Already Higher Than July’s Average
In the first week of August, the average 30-year mortgage rate stayed mostly flat at 6.63% APR. This is three basis points lower than a week ago. A basis point is one one-hundredth of a percentage point, and we calculate…
Fox Business
The New York LedgerMortgage rates hit highest level in over a year
Mortgage rates rose this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.69% from last week's reading of 6.66%. The average rate on a 30-year loan was 6.63% a year ago.A TALE OF TWO HOUSING MARKETS: LUXURY DEMAND SURGES AS AFFORDABILITY SQUEEZES STARTER-HOME BUYERS"While mortgage rates continue to in…
Associated Press News
Mortgage rates rise for 5th straight week, hitting levels not seen since 2025 for 2nd week in a row
The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest strain for prospective homebuyers who are facing steep borrowing costs.
Mortgage rates rise for 5th straight week, hitting levels not seen since 2025
The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year, marking the latest strain for prospective homebuyers who are facing steep borrowing costs
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