Mortgage Rates Climb to Highest Level Since July 2025

The average 30-year fixed-rate mortgage has surged to its highest level since July 2025. This increase creates significant pain points for households facing affordability challenges and puts a squeeze on the housing market. The rise in home loan costs adds further pressure to consumers already struggling with elevated inflation, which is being driven upward by a surge in energy prices resulting from renewed Middle East hostilities. These combined factors continue to impact overall consumer financial stability.