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Mortgage rates stay above a one-year high as Treasury yields hover near 4.5%
Freddie Mac said the average 30-year fixed rate was 6.66% as of July 30, up eight basis points week over week, while the 15-year fixed rate rose to 6.04%.
Mortgage rates have moved above a one-year high after a two-month period of stalling, according to Yahoo Finance. Freddie Mac reported the average 30-year fixed-rate mortgage was 6.66% as of July 30, 8 basis points higher than the prior week, compared with an average of 6.72% in July 2025. The article also noted that the average 15-year fixed mortgage rate was 6.04% this week, up 8 basis points from last week and 19 basis points higher than a year earlier. It said mortgage rates generally move with the bond market as the 10-year Treasury yield has stayed near 4.5% since mid-May. A California real estate agent quoted in the piece expects rates to remain relatively stable through the end of the year, attributing the outlook more to broader economic forces than to the Federal Reserve alone. The story points to geopolitical uncertainty, energy prices, and inflation expectations as factors weighing on affordability, while acknowledging housing demand continues but buyers are more deliberate due to the higher cost of borrowing. Fannie Mae’s forecast cited by Yahoo Finance expects mortgage rates to remain in a 6.2% to 6.3% range through 2027. The piece adds that the Federal Reserve has been on hold in 2026, including its July 29 meeting, and that while mortgage rates are not directly tied to the fed funds rate, they typically mirror shifts in the central bank’s policy path.