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U.S. 30-Year Mortgage Rate Reaches Highest Point in a Year
August 23, 2026
Why it matters locally: The increase in mortgage rates will likely impact housing affordability and demand across Washington, potentially affecting the state's real estate market and the financial decisions of prospective homebuyers.
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.
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