Mortgage rates rise again: 30-year hits 6.73%, 15-year and jumbo rates climb
Mortgage rates rise again, with 30-year rates at 6.73%, 15-year rates at 5.87% and jumbo rates at 6.80%. Here's what homebuyers need to know.
Mortgage rates rose again this week, raising the cost of borrowing for homebuyers. The average 30-year fixed mortgage rate increased to 6.73%, up from 6.63% last week. This 0.10 percentage point rise could impact many homebuyers, with a $100,000 30-year fixed mortgage costing about $647 a month in principal and interest. The 15-year fixed mortgage rate also climbed, reaching 5.87%, a 0.09 percentage point increase from 5.78% last week.
Jumbo mortgage rates, for loans larger than the conforming loan limit, went up to 6.80% from the previous week's rate, a 0.07 percentage point increase. Mortgage rates have remained high in 2026, despite falling in late 2025 due to the Federal Reserve cutting its benchmark federal funds rate. The Fed has kept the federal funds rate unchanged at 3.50%-3.75% so far in 2026 and is pausing further cuts while analyzing new economic data.
Inflation and the health of the US economy are factors that could influence future mortgage rate movements if inflation eases or economic growth weakens. Currently, a significant decrease in mortgage rates is not expected soon.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
