# US mortgage rates and Treasury yields > Live situation record from CLSTR: https://clstr.news/situations/us-mortgage-rates-and-treasury-yields > Updated: 2026-08-10T05:03:56.000Z. Sources: 11. Developments: 5. Late July 2026 saw U.S. mortgage rates hovering near 6.5% as markets awaited clearer inflation data. By early August, long‑term Treasury yields surged, pushing the 30‑year mortgage rate to the 6.7%–7% band; a brief dip to 6.65% on August 2 was quickly followed by a rise to 6.7% on August 4. The 10‑year Treasury broke above 5%, and the Federal Reserve kept its policy range at 3.50%–3.75%, leaving little room for near‑term rate cuts. Higher borrowing costs strained affordability, with purchase‑loan applications down 6.4% and refinance volume falling 10% week‑over‑week. On August 6, the national average 30‑year fixed rate climbed to 6.69%, up four basis points from the previous day and near the top of its 30‑day range (6.41%–6.72%). The 15‑year fixed stood at 6.01% and the 5/1 ARM at 6.25%. In St. Louis, the 30‑year fixed held steady at 6.75% while the 15‑year fixed was 6.29%. These movements continue to track the rising 10‑year Treasury yield, reflecting persistent inflation expectations and the Fed’s unchanged policy stance. As of August 9, the 30-year fixed rate held steady at 6.69%. In Nashville, the 30-year fixed averaged 6.69% for the week ending August 7, marking a one-year high. While the 15-year fixed rate decreased slightly to 6.01%, broader trends are being shaped by a cooling labor market, including a July jobs report showing a net loss of 23,000 jobs. Mortgage pricing continues to track 10-year Treasury yields and mortgage-backed security spreads. By mid-August, upward pressure continued. The 30-year fixed rate held steady at 6.69% on August 10. However, by August 11, refinance rates rose, with the national average 30-year fixed refinance rate increasing by 11 basis points to 7.18%. The 15-year fixed refinance rate also climbed to 6.21%. ## Timeline ### 2026-08-10: Mortgage rates rise amid persistent inflation and Fed policy Mortgage and refinance rates have trended upward in August 2026, driven by persistent inflation and Federal Reserve policy as the 30-year fixed refinance rate reached 7.18%. 2 sources. https://clstr.news/cluster/mortgage-rates-rise-amid-persistent-inflation-and-fed-policy ### 2026-08-07: Mortgage rates hold at 6.69% for 30-year fixed U.S. mortgage rates remain elevated, with the 30-year fixed rate holding at 6.69%. Recent trends show rates near one-year highs despite a cooling labor market and shifting Treasury yields. 4 sources. https://clstr.news/cluster/us-mortgage-rates-climb-to-669-on-30year-fixed-st-louis-holds-at-675 ### 2026-08-02: US Mortgage Rates Hover Around Mid‑6% as Market Adjusts US mortgage rates sit in the mid‑6% range, with a rare 30‑year fixed/5‑1 ARM alignment, while lower‑payment applications near median rent signal affordability strain; higher rates curb purchase and refinance需求. 4 sources. https://clstr.news/cluster/us-mortgage-rates-edge-higher-in-early-august ### 2026-08-02: US Treasury Yields Surge Threatens Housing Market US Treasury yields have jumped to multi‑year highs, pushing mortgage rates near 7 % and threatening the housing market as investors seek higher compensation amid Fed uncertainty. 4 sources. https://clstr.news/cluster/us-treasury-yields-surge-threatens-housing-market ### 2026-07-20: U.S. Mortgage Rates Hold Near 6.5% as Market Awaits Fed Signals U.S. 30‑year mortgage rates stayed near 6.56% on July 20, with a week‑ahead forecast holding around 6.54% amid steady Treasury yields and muted market data. 6 sources. https://clstr.news/cluster/us-mortgage-rates-hold-near-65-as-market-awaits-fed-signals --- Cite as: US mortgage rates and Treasury yields. CLSTR, https://clstr.news/situations/us-mortgage-rates-and-treasury-yields