Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year
The average U.S. 30-year fixed-rate mortgage climbed to 6.58% as of July 23, 2026, marking the highest level in almost one year and continuing its upward trend for three consecutive weeks. The increase is attributed to rising oil prices due to conflict in Iran, which has pushed up inflation expectations and long-term bond yields.
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