Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year
The average U.S. 30-year fixed-rate mortgage climbed to 6.55% as of July 16, 2026, marking the highest level in almost a year and increasing borrowing costs for homebuyers. The rise is attributed to higher oil prices due to conflict with Iran, which has pushed up inflation expectations and long-term bond yields.
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Topics: Federal Reserve housing market inflation mortgage rates