U.S. 30-Year Mortgage Rate Climbs To Highest Level In Nearly A Year

The average rate on a 30-year fixed mortgage in the United States has risen to 6.55 percent, its highest level in nearly a year, according to Freddie Mac.

The report said the increase comes as higher Treasury yields, influenced by heightened geopolitical tensions, continue to push borrowing costs upward.

The report said mortgage rates typically move in line with the yield on the 10-year U.S. Treasury note, which climbed to 4.57 percent during the week.

According to the report, National Association of Realtors Chief Economist Lawrence Yun said elevated mortgage rates combined with record-high home prices are dampening buyer demand, particularly among first-time purchasers.

The report noted that average mortgage rates stood at 3.97 percent in late February, highlighting the sharp increase in borrowing costs over recent months.

Related Tweet:

Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year https://t.co/eE8y38VugI pic.twitter.com/mG4cNq3yvN

— New York Post (@nypost) July 16, 2026

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tippinsightsPower & Capital Desk