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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 · Wayne County edition

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Why it matters locally: Rising mortgage rates can impact West Virginia residents' ability to afford housing, potentially slowing down the real estate market across the state.

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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