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Housing · August 24, 2026 · 1 min read

Mortgage Rates Climb Back Above 6.7% as Bond Yields Bite

By Econ Data Tools Editorial Team

Published August 24, 2026

Reviewed by econ-data-tools-editorial-team

The average 30-year fixed rate rose to 6.729% this week, tracking elevated Treasury yields and cooling purchase demand.

**The average 30-year fixed mortgage rate rose to 6.729%,** up about 10 basis points from a week ago (6.632%); the 15-year fixed climbed to 5.869% (+9 bps). Mortgage pricing is tracking the Treasury market's move toward multi-month highs, which raises the floor under everyday borrowing costs even though the Fed itself hasn't moved. **Purchase-mortgage demand is softening as rates rise,** per the Mortgage Bankers Association, with buyers largely on hold until this week's GDP and personal income reports (due Wednesday) and the Jackson Hole symposium offer clearer direction on where borrowing costs settle next.

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