Mortgage Rates Surge To 2026 Record Highs
As the war with Iran escalates and investors become increasingly concerned about the Federal Reserve’s ability to control inflation, mortgage rates reached their highest level in a year. According to Freddie Mac data, the average 30-year mortgage rate increased to 6.66%, reaching its highest level since July 2025. And after the Federal Reserve decided to keep short-term interest rates unchanged, rates are likely to increase even more.
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