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U.S. mortgage rates hit 13-month high of 6.71%
U.S. mortgage rates have climbed to their highest level in over a year. According to data from Freddie Mac, the average 30-year fixed-rate mortgage rose to 6.71% for the week ending September 3, up from 6.66% the previous week. The 15-year fixed-rate mortgage also saw an increase, rising to 6.04% from 5.98%.
This upward trend in borrowing costs is closely linked to rising Treasury yields, which have been influenced by persistent inflation concerns, rising U.S. national debt, and geopolitical tensions stemming from the conflict between the U.S. and Iran. The latter has contributed to higher crude oil prices, further fueling inflation fears.
Elevated mortgage rates are placing significant pressure on the housing market, reducing purchasing power for potential buyers and contributing to sluggish home sales. The impact extends to the retail sector; Lowe's recently lowered its full-year sales and operating margin guidance, citing macroeconomic pressures such as interest rates and inflation.
Entities
Federal Reserve · Freddie Mac · Home Depot · Iran · Lowe's · National Association of Realtors · Redfin · Sam Khater · U.S. Treasury · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 9 SOURCES] The 30-year mortgage rate increased from 6.66% the previous week. internewscast.com · dailyguardian.ca · srnnews.com · abc17news.com · www.fool.com · +4 more
- [● 8 SOURCES] The 30-year mortgage rate is at its highest level since July 2025. internewscast.com · srnnews.com · abc17news.com · www.fool.com · coinpaper.com · +3 more
- [● 7 SOURCES] The average 15-year fixed mortgage rate rose to 6.04% from 5.98% the previous week. internewscast.com · dailyguardian.ca · srnnews.com · www.fool.com · coinpaper.com · +2 more
- [○ 1 SOURCE] Pending home sales fell in July to their weakest level since the start of the year.
- [● 2 SOURCES] Redfin expects mortgage rates to remain in the upper- and mid-6% range for the remainder of the year. ktvz.com · abc17news.com
- [DISPUTED] The average 30-year fixed mortgage rate rose to 6.71%. internewscast.com · dailyguardian.ca · www.fool.com · srnnews.com · abc17news.com · +5 more
- [● 6 SOURCES] Conflict between the U.S. and Iran has increased oil prices, fueling inflation fears and impacting bond yields. www.fool.com · srnnews.com · abc17news.com · lavozhispanact.com · ktvz.com · +1 more
- [○ 1 SOURCE] Lowe's lowered its full-year sales and operating margin guidance due to macroeconomic pressures. www.fool.com
- [● 4 SOURCES] Rising bond yields, driven by global Treasury bond sell-offs and inflation concerns, are pushing mortgage rates higher. www.fool.com · internewscast.com · srnnews.com · abc17news.com
- [● 2 SOURCES] The 10-year U.S. Treasury yield rose to 4.74%. srnnews.com · wtop.com