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30-Year Mortgage Rate Hits 6.66%, Applications Drop 6%

7/30/2026

Summary

Story summary

The U.S. 30-year fixed mortgage rate rose to 6.66%, the highest level since July 2025, according to Freddie Mac.
The 10-year Treasury yield climbed to 4.66% on Thursday, and mortgage applications fell 6.4% while refinance requests dropped 10% week-over-week, the Mortgage Bankers Association reported.
Economists said the Federal Reserve (Fed) is more likely to hike rates, oil and inflation are pushing mortgage rates higher, and wage growth outpacing home-value growth aids affordability.

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Story summary

The U.S. 30-year fixed mortgage rate rose to 6.66%, the highest level since July 2025, according to Freddie Mac.
The 10-year Treasury yield climbed to 4.66% on Thursday, and mortgage applications fell 6.4% while refinance requests dropped 10% week-over-week, the Mortgage Bankers Association reported.
Economists said the Federal Reserve (Fed) is more likely to hike rates, oil and inflation are pushing mortgage rates higher, and wage growth outpacing home-value growth aids affordability.