Average US long-term mortgage rate rises to 6.52%, just below its high for the year
Key takeaways
- Average US long-term mortgage rate rises to 6.52%, just below its high for the year FILE - A "For Sale" sign is seen on Tuesday, Jan. 6, 2026, in Portland, Ore.
- The benchmark 30-year fixed rate mortgage rate rose to 6.52% from 6.48% last week, mortgage buyer Freddie Mac said Thursday.
- When mortgage rates rise they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
Average US long-term mortgage rate rises to 6.52%, just below its high for the year FILE - A "For Sale" sign is seen on Tuesday, Jan. 6, 2026, in Portland, Ore. (AP Photo/Jenny Kane, File) · Associated Press · AP Photo/Jenny Kane ALEX VEIGA Thu, June 11, 2026 at 11:02 PM GMT+7 2 min read. The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started.
The benchmark 30-year fixed rate mortgage rate rose to 6.52% from 6.48% last week, mortgage buyer Freddie Mac said Thursday. Despite the increase, the average rate remains below 6.84%, where it was a year ago.
When mortgage rates rise they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.