Published • loading... • Updated
Mortgage rates hit a new high for 2026, marching closer to 7%
Freddie Mac said the average 30-year fixed rate climbed to 6.71%, the highest since July 2025, as refinancing and home sales slowed.
- 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.
Insights by Ground AI
45 Articles
45 Articles
The global sale in the bond market affects the real estate market and caused mortgage rates in the US to skyrocket at their highest level of the year. This puts new pressure on home buyers and consumers.
US fixed 30-year mortgage rate rises to highest since July 2025
By Ann Saphir Sept 3 (Reuters) - The average rate on the popular U.S. 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 ...
Coverage Details
Total News Sources45
Leaning Left5Leaning Right4Center30Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
13%
C 77%
Factuality
To view factuality data please Upgrade to Premium
