Freddie Mac Says 30-Year Mortgage Rate Hits 6.71%, Highest in Over a Year
Updated
Updated · Fox Business · Aug 27
Freddie Mac Says 30-Year Mortgage Rate Hits 6.71%, Highest in Over a Year
3 articles · Updated · Fox Business · Aug 27
Summary
6.71% marked the average U.S. 30-year fixed mortgage rate this week, up from 6.66% and the highest since July 31, 2025.
Freddie Mac said the rise tracked higher Treasury yields, with the 10-year yield hovering near 4.74% as investors priced in renewed inflation pressure.
Middle East tensions drove that pressure: higher oil prices tied to the latest U.S.-Iran conflict escalation lifted inflation concerns and pushed bond yields and mortgage rates back up.
6.04% was the average 15-year fixed rate, up from 5.98%, while Freddie Mac said purchase demand has stayed relatively stable as buyers adapt to tougher borrowing costs.
The increase extends a recent climb from 6.65% and 6.66%, underscoring how geopolitics and inflation fears are keeping U.S. housing affordability under strain.