U.S. mortgage rates reach a one-year high after five straight weekly increases
The average U.S. long-term mortgage rate rose for a fifth consecutive week by Aug. 7, reaching its highest level in just over a year as home prices remained elevated.
The average U.S. long-term mortgage rate rose for a fifth consecutive week by Aug. 7, reaching its highest level in just over a year as home prices remained elevated.
The average U.S. 30-year fixed mortgage rate rose for a fifth consecutive week, while home prices continued to increase and June construction data sent mixed signals about housing supply.
U.S. house prices rose 0.4% in August and 2.3% from a year earlier, while Fannie Mae reported $241 billion in housing-market funding during the first half of 2026.
Freddie Mac’s national weekly benchmark rose for a fifth straight week, adding pressure to borrowers and making refinancing less attractive.
The average U.S. 30-year fixed mortgage rate rose to 6.69% on Aug. 6, marking a fifth consecutive weekly increase as the housing market remains sluggish.
Freddie Mac’s PMMS for the week ending July 23 shows the 30-year fixed rate averaging 6.58%—up from 6.55—tightening affordability for buyers and refinancers.
Freddie Mac’s PMMS for the week ending July 9 shows the 30-year fixed averaging 6.49% (up from 6.43%)—plus the 15-year move and what to watch next.
U.S. evening update: FHFA is accepting public comments on a proposed Duty to Serve rewrite affecting Fannie Mae and Freddie Mac through July 24, 2026.