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U.S. 30-Year Mortgage Rate Reaches Highest Point in a Year
August 23, 2026
Why it matters locally: Rising mortgage rates nationally directly affect housing affordability and purchasing power for prospective homebuyers across New Mexico, potentially slowing real estate market activity.
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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