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U.S. mortgage rates surged to their highest level in over a year, Freddie Mac says

The benchmark rate rose to 6.71% this week, up from 6.66% last week, as inflation tied to the U.S.-Iran conflict keeps bond yields elevated

Phillip Spears / Getty Images

Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.71% for the week ending September 3, its highest level since July 31, 2025, when it stood at 6.72%, according to WTOP.

The rate rose 5 basis points from 6.66% the previous week and is up from 6.50% a year ago, Freddie Mac said. The 15-year fixed-rate mortgage, a product frequently used by homeowners looking to refinance,........

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