Urgent.News

What's breaking now, across thousands of outlets.

Monday, 24 August 2026 Reading Room

Finance & Markets

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.

hindustantimes.com ·

Mortgage rates rise again: 30-year hits 6.73%, 15-year and jumbo rates climb

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.

Read the original at hindustantimes.com →

More in Finance & Markets

Consumer sentiment in August fell for the first time in four months amid sluggish stock markets and rising prices. The Bank of Korea said on Friday that its consumer sentiment index for August came in at 86.1, down 1.1 points from July's 87.2. This was the first on-month decline since April. The August figure is still 9.6 points below the long-term average of 95.7. The bank conducts a monthly survey of 2,000 households to compile the index. The fall in consumer sentiment was led by a slump in stock markets and a rise in prices. The sub-index for current economic conditions fell 2.3 points to 63.8, and the index for future economic conditions dropped 1.6 points to 67.6. The index measuring inflation expectations over the next one year rose 0.2 points to 2.7. The Bank of Korea said it will continue to monitor how the Russia-Ukraine conflict and other external factors affect consumer sentiment. The central bank noted that the August decline was not dramatic, adding that consumer sentiment was still recovering. The government also said it will introduce measures to stabilise food prices and help with people's living costs. The Ministry of Economy and Finance said it will discuss measures with relevant ministries and announce them soon. President Yoon Suk-yeol on Friday met with his economic aides and ordered them to come up with measures to stabilise food prices. He instructed them to focus on stabilising prices of agricultural products and minimising the impact on people's daily lives. The president also called for a thorough response to typhoon damage. Typhoon Hinnamnor made landfall on Thursday, bringing strong winds and rain to the southeast. The government has set up an emergency response team and ordered the mobilisation of all available resources to minimise damage.

·hani.co.kr

More from Monday 24 August →