The average rate on a 30-year fixed mortgage edged up to 6.52% this week, rising from 6.48% the prior week and approaching the highest level recorded so far in 2026, according to the latest national data.
Borrowing costs have remained persistently elevated compared to pre-war levels, keeping pressure on homebuyers and the broader housing market. The incremental rise signals that relief for prospective buyers has yet to materialize in any meaningful way.
Elevated mortgage rates have weighed on housing affordability nationwide, dampening demand even as broader financial markets have shown signs of stabilization in recent months. Economists have pointed to ongoing uncertainty in global financial conditions as a key factor keeping long-term interest rates from retreating.