Coverage dated September 3, 2026 to September 4, 2026
Average rate on a 30-year mortgage climbs to highest level in 13 months
Headline from WTOP Washington DC
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year. The benchmark 30-year fixed rate mortgage rate rose 6.71% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.50%.
WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year. The benchmark 30-year fixed rate mortgage rate rose 6.71% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.50%.
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 average rate on a 30-year fixed mortgage rose this week to 6.71%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.
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.
The 30-year mortgage rate reached its highest mark in over a year on Thursday, portending lower purchasing power for prospective homebuyers. The benchmark 30-year fixed mortgage rate is 6.71 percent this week, up from 6.66 percent a week ago, FreddieMac reported Thursday.
