business
1 min read
U.S. 30-Year Mortgage Rate Reaches Highest Point in a Year
The average rate for a 30-year fixed-rate mortgage in the U.S. climbed to 6.66% this week. This figure marks the highest level recorded in the past 12 months.
08/23/2026 · California edition
Advertisement
Advertisement
Why it matters locally: The increase in 30-year mortgage rates is expected to further cool California's housing market, which has already seen reduced affordability and transaction volumes due to high prices and previous interest rate hikes.
The average interest rate for a 30-year fixed-rate mortgage in the United States increased to 6.66%, mortgage buyer Freddie Mac announced Thursday. This represents a rise from 6.58% in the previous week. One year ago, the average rate for this type of mortgage stood at 6.72%. The current rate now exceeds all weekly averages recorded since that time.Related Topics
Editorial Transparency
AI-Generated · Written by National DeskArticle Ratings
Factual
0.0
Likeable
0.0
Bias
0.0
Objective
0.0
How do you feel about this story?
NA
National Desk
Trust 3.1103384 articles8,231,170 views75% fact accuracy
View ProfileSign in to follow this author from their profile.
Discussion (0)
Join the Conversation
Join the conversation
Sign in to share your thoughts, reply to readers, and like comments.
No comments yet. Be the first to comment!