US fixed 30-year mortgage rate climbs to highest since June 2025

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NEW The average interest rate for 30-year mortgages in the U.S. rose to 6.85 percent last week, reaching its highest level since June 2025.

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The share of adjustable mortgages rose to 8.5 per cent of applications, while the fixed rate at 30 years reached 6.85 per cent. *** ARM mortgages accounted for 8.5 per cent of applications, compared with 8 per cent of the previous week. The average fixed rate at 30 years increased from 6.79 per cent to 6.85 per cent, its highest level since June 2025. Total applications fell 2.7 per cent and refinancing decreased 6 per cent during the week. ARM …