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Mortgage rates hit a new high for 2026, marching closer to 7%
Freddie Mac said higher Treasury yields and a global bond selloff are pushing borrowing costs up, with refinancing now harder for many homeowners.
- On Thursday, September 3, 2026, the average 30-year fixed mortgage rate rose to 6.71%, marking its highest level in more than a year, Freddie Mac reported.
- Escalating Middle East tensions and the ongoing war with Iran reignited inflation fears, driving a global bond sell-off that pushed 10-year Treasury yields higher.
- Pending home sales fell in July to their weakest level since the start of the year, according to the National Association of Realtors, while higher borrowing costs cooled refinance applications.
- Federal Reserve Chair Kevin Warsh signaled tolerance for current borrowing costs, noting recent inflation data may preclude a rate hike at the September 15–16 meeting.
- Redfin economists expect mortgage rates to persist in the upper- and mid-6% range for the rest of the year, indicating housing turnover may continue slowing if borrowing costs remain elevated.
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Average rate on a 30-year mortgage climbs to highest level in 13 months - WXXV News 25
By ALEX VEIGA 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%. Higher mortgage rates can add hundreds of dollars...
Mortgage rates are at a 13-month high. What does that mean for buying and selling a home?
Mortgage rates have climbed again, reaching their highest level in 13 months and prompting both buyers and sellers to adjust their strategies in the local housing market.
·Grand Rapids, United States
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Coverage Details
Total News Sources146
Leaning Left13Leaning Right19Center91Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
11%
C 74%
15%
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