U.S. 30-Year Mortgage Rate Hits 6.76%, Highest in 14 Months as Inflation Fears Lift Yields
Updated
Updated · Chicago Tribune · Sep 10
U.S. 30-Year Mortgage Rate Hits 6.76%, Highest in 14 Months as Inflation Fears Lift Yields
3 articles · Updated · Chicago Tribune · Sep 10
Summary
Freddie Mac said the average 30-year fixed mortgage rate rose to 6.76% from 6.71%, the third straight weekly increase and the highest level since June 26, 2025.
Bond yields and mortgage rates have climbed this year as the U.S. war with Iran drove oil prices sharply higher, stoking inflation worries that feed into home-loan pricing.
The higher rate can add hundreds of dollars a month for borrowers, squeezing purchasing power and giving would-be buyers another reason to delay purchases.
Home sales have remained largely stagnant this year, and 15-year fixed mortgage rates also moved up to 6.09% from 6.04%, underscoring broader pressure on housing finance.