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.
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90 Articles
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 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 …
Appalachian News-Express
Mortgage Rates Rise This Week as Markets Anticipate Fed Hike
Mortgage rates rose this week, as concerns about inflation — and predictions for what the Federal Reserve might do about it — firmed up. The average rate on a 30-year fixed-rate mortgage rose 11 points to 6.68% APR in the…
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