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US fixed 30-year mortgage rate climbs to highest since June 2025
- On Wednesday, the Mortgage Bankers Association reported the 30-year fixed mortgage rate climbed to 6.85%, its highest level since June 2025, rising 6 basis points for the week.
- Escalating hostilities in the Middle East have driven up oil prices and stoked inflation concerns, pushing U.S. Treasury yields higher and underpinning the steady rise in residential borrowing costs.
- Seeking lower initial rates, borrowers have increasingly turned to adjustable-rate mortgages , which accounted for 8.5% of total applications last week, the highest share since June.
- Monthly principal and interest payments for a $450,000 home have reached $2,363, approximately $207 more than at the end of February, straining buyer affordability.
- Upcoming inflation reports on Thursday and Friday will likely shape the Federal Reserve's September 15 to 16 meeting, with the data potentially shifting mortgage rate trajectories significantly.
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stonecountyenterprise.com+5 Reposted by 5 other sources
Weekly Mortgage Rates Climb as Inflation Anxiety Builds
Mortgage rates headed higher this week in the wake of several smaller forces rolling up to one major cause: inflation.The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.74% APR in the week ending Sept. 10,…
·Wiggins, United States
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Associated Press News+6 Reposted by 6 other sources
Mortgage rates climb: Average rate on a 30-year home loan hits the highest level in over 14 months
Mortgage rates rose for the third week in a row, pushing the average long-term U.S. home loan rate to its highest level in over 14 months.
·New York, United States
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Coverage Details
Total News Sources50
Leaning Left7Leaning Right6Center17Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 23%
C 57%
R 20%
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