Mortgage rates just hit their highest level in a year — and may be headed higher: Mortgage and refinance interest rates today, Thursday, July 30, 2026

The average 30-year US mortgage rate has risen for four consecutive weeks, reaching a one-year peak of 6.66%. While the Federal Reserve maintained steady benchmark interest rates, political and economic factors, including inflation expectations driven by crude oil prices and conflict in Iran, are pushing costs higher. This trend may tighten financial conditions, reducing housing affordability and potentially impacting risk asset markets like crypto, as rates show few signs of falling for prospective homebuyers.