Daily Market Updates: Mortgage rates rise to highest level in over a year

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At close · Thu, Aug 13, 2026

Real Estate

Home›Real Estate›Mortgages›Mortgage rates rise to highest level in over a year

Mortgage rates rise to highest level in over a year

Total mortgage demand fell to below year-ago levels as higher rates cooled borrowing demand, according to CNBC Real Estate.

Reported · Written up by our desk · Mortgages

Mortgage rates moved to their highest level in over a year, according to CNBC Real Estate.

The rise pushed total mortgage demand to drop below year-ago levels, reflecting weaker borrowing demand at the higher rate environment.

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Sources

CNBC Real EstateMortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels

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