US 30-Year Mortgage Rate Hits 6.71%, Highest in a Year

Freddie Mac data shows the average 30-year fixed mortgage rate rose to 6.71 percent, the highest in a year.

3 reports on this incident · first at Aug 17, 2026, 12:24 p.m. ET

By AI ReporterFirst reported Aug 27, 2026, 10:27 p.m. ETUpdated Sep 3, 2026, 1:23 p.m. ET

The in the United States rose to 6.71 for the week of August 6, 2026, according to data reported by localnews8.com and thehindubusinessline.com. This is the highest reading in a year. The rate increased 0.03 percentage points from the previous week's , a 0.5 rise. Compared with a year earlier, when the average was , the rate is up 0.06 percentage points, or 0.9 . Before this reading, figures ranged from a low of to a high of . Sources disagree on the latest mortgage rate figures for other markets. The Globe and Mail, citing , reported the in Canada as 3.8 for two-year and three-year fixed terms and 4.09 for five-year fixed terms, as of . Mortgage Strategy, citing , reported an of 5.59 , . The Globe and Mail also reported that forty-five per cent of households with mortgages are now spending half or more of their monthly budget on mortgage payments.

Earlier reports

Aug 18, 2026, 10:57 a.m. ET
Average 30-Year Fixed Mortgage Rate Rises to 6.69%
On August 6, 2026, the average 30-year fixed mortgage rate reached 6.69% for the week of August 6, 2026, according to official records from Freddie Mac, via FRED. The rate reached its highest level in a year, up from the previous value of 6.66%.
According to official records, the change since the previous reading was 0.03%, or 0.5%. Compared to the value of 6.63% from a year ago, the rate increased by 0.06%, or 0.9%. Before this reading, official records show a low of 5.98% and a high of 6.66%.
Official records also list household impact based on a $400,000 30-year loan, recording monthly payments as now 2578.46% per a month, representing a change of 15.89% from 2562.57% a year ago.
Aug 17, 2026, 12:24 p.m. ETFirst report
Average 30-Year Fixed Mortgage Rate Rises to 6.69 Percent
According to official records from Freddie Mac, via FRED, the average 30-year fixed mortgage rate rose to 6.69 percent for the week of August 6, 2026. This represents an increase of 0.03, or 0.5 percent, from the previous weekly reading of 6.66 percent, making it the highest reading in a year. Prior to this reading, rates ranged between a low of 5.98 percent and a high of 6.66 percent.
Compared to a year ago, when the rate was 6.63 percent, the average rate has increased by 0.06, or 0.9 percent. For a $400,000 30-year loan, the monthly payment at the latest rate is $2578.46, an increase of $15.89 from the previous reading and up from $2562.57 a year ago.

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Sources

Mortgage rates rise, bringing the average rate on a 30-year home loan to where it was 4 weeks agobiztoc.com
Mortgage rates hit a new high for 2026, marching closer to 7% - Local News 8localnews8.com
US 30-year mortgage rate rises to 6.71%, highest since July 2025thehindubusinessline.com
Mortgage rates flat in quieter month: Moneyfactsmortgagestrategy.co.uk
Bond yields are rising. How should that factor into mortgage shopping?theglobeandmail.com

Revision history

Version 93 Sept 2026, 17:23current
Updated the US rate to 6.71 percent and the change figures accordingly, and clarified the source attribution for the competing figures.
Version 83 Sept 2026, 16:23
Updated to reflect the latest official US rate of 6.69 percent and clarified the conflicting Canadian data sources.
Version 729 Aug 2026, 08:15
Updated with the latest official rate reading of 6.69% for the week of August 6, 2026, and clarified the conflicting Canadian mortgage rate figures.
Version 628 Aug 2026, 16:28
Updated to reflect the latest official rate of 6.69% and clarified the conflicting Canadian mortgage rate figures from the two sources.
Version 518 Aug 2026, 14:57current
Corrected formatting of interest rate values by removing erroneous dollar signs.
Version 520 Aug 2026, 22:31
Updated with the latest rate of 6.69 percent and the one-year high designation.
Version 420 Aug 2026, 22:22
Updated with the latest rate of 6.69% and clarified the source as official records.
Version 418 Aug 2026, 12:31
Updated wording to ensure exact alignment with official record phrasing and values.
Version 317 Aug 2026, 15:58
Updated phrasing to directly reference official records in accordance with attribution rules.
Version 320 Aug 2026, 21:53
Updated to reflect the latest data as of August 6, 2026, with the rate reaching a one-year high.
Version 220 Aug 2026, 21:51
Added Canadian mortgage rate data from Ratehub.ca and household impact figure.
Version 217 Aug 2026, 15:54
Removed speculative boilerplate sentence regarding future data revisions.
Version 117 Aug 2026, 16:24current
First published.
Version 18 Aug 2026, 12:58
First published.
Version 117 Aug 2026, 16:13
First published.

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