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Mortgage rates hit their highest level in a year, driven by war and inflation concerns

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Business Mortgage rates hit their highest level in a year, driven by war and inflation concerns July 30, 20264:37 PM ET By Stephan Bisaha A 'for sale' sign is seen on a house in Monterey Park, California, on September 17, 2025. BROWN/AFP hide caption toggle caption FREDERIC J. Economics can help The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac.

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Original publisherNPR Topics: News
Canonical URLhttps://www.npr.org/2026/07/30/nx-s1-5913851/mortgage-rates-one-year-high-july-2026
Publication timeThu, 30 Jul 2026 16:37:59 -0400
Retrieval time2026-07-30T21:10:53.704Z
Last seen2026-07-30T21:10:53.704Z
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Business Mortgage rates hit their highest level in a year, driven by war and inflation concerns July 30, 20264:37 PM ET By Stephan Bisaha A 'for sale' sign is seen on a house in Monterey Park, California, on September 17, 2025. FREDERIC J. BROWN/AFP hide caption toggle caption FREDERIC J. BROWN/AFP Sign up for the Planet Money newsletter. The world is confusing. Economics can help The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. That's the highest it's reached in a year — at the end of last July, the average rate was 6.72%. The biblically ominous 6.66% figure could strike fear into homebuyers because it's a sign that home ownership is becoming less affordable.

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