The average contract rate for a 30-year fixed mortgage in the US edged up to 6.79% in the week ended August 28, from 6.78% the previous week, remaining close to the one-year highs reached in late July, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields as renewed Middle East tensions stoked inflation concerns, while hawkish comments from Federal Reserve Chair Kevin Warsh reinforced expectations for a September rate hike. Mortgage rates have climbed nearly 70bp since the US and Israel began strikes against Iran in late February. Total mortgage applications rose 0.8%, rebounding after two consecutive weekly declines, with purchase applications up 2.2%. Refinancing applications, however, fell 1.1%. source: Mortgage Bankers Association of America

Fixed 30-year mortgage rates in the United States averaged 6.79 percent in the week ending August 28 of 2026. Mortgage Rate in the United States averaged 6.08 percent from 1990 until 2026, reaching an all time high of 10.56 percent in April of 1990 and a record low of 2.85 percent in December of 2020. This page provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States MBA 30-Yr Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Fixed 30-year mortgage rates in the United States averaged 6.79 percent in the week ending August 28 of 2026. Mortgage Rate in the United States is expected to be 6.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States MBA 30-Yr Mortgage Rate is projected to trend around 7.05 percent in 2027 and 7.19 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-26 11:00 AM
MBA 30-Year Mortgage Rate
Aug/21 6.78% 6.77%
2026-09-02 11:00 AM
MBA 30-Year Mortgage Rate
Aug/28 6.79% 6.78%
2026-09-09 11:00 AM
MBA 30-Year Mortgage Rate
Sep/04 6.79%


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.04 5.98 percent Sep 2026
30-Year Mortgage Rate 6.71 6.66 percent Sep 2026
Average Mortgage Size 375.22 372.83 Thousand USD Jun 2026
MBA Mortgage Market Index 247.30 245.30 points Aug 2026
MBA Mortgage Refinance Index 732.60 740.80 points Aug 2026
MBA Purchase Index 157.80 154.40 points Aug 2026
MBA Mortgage Applications 0.80 -1.00 percent Aug 2026
MBA 30-Year Mortgage Rate 6.79 6.78 percent Aug 2026


United States MBA 30-Yr Mortgage Rate
MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.
Actual Previous Highest Lowest Dates Unit Frequency
6.79 6.78 10.56 2.85 1990 - 2026 percent Weekly

News Stream
US Mortgage Rates Edge Higher Toward One-Year Highs
The average contract rate for a 30-year fixed mortgage in the US edged up to 6.79% in the week ended August 28, from 6.78% the previous week, remaining close to the one-year highs reached in late July, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields as renewed Middle East tensions stoked inflation concerns, while hawkish comments from Federal Reserve Chair Kevin Warsh reinforced expectations for a September rate hike. Mortgage rates have climbed nearly 70bp since the US and Israel began strikes against Iran in late February. Total mortgage applications rose 0.8%, rebounding after two consecutive weekly declines, with purchase applications up 2.2%. Refinancing applications, however, fell 1.1%.
2026-09-02
US Mortgage Rates Hold Near One-Year Highs
The average contract rate for a 30-year fixed mortgage in the US edged up to 6.78% in the week ending August 21, 2026, from 6.77% the previous week, remaining near the one-year highs reached in late July, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields as persistent inflation concerns continued to weigh on bond markets, despite the US Treasury Department’s unexpected announcement of a larger bond buyback last week, which had been expected to support demand for government debt. Mortgage rates have climbed nearly 70 bps since the US and Israel launched strikes against Iran in late February, as higher oil prices fueled inflation fears and reinforced expectations that the Federal Reserve will keep rates higher for longer. Total mortgage applications fell 1.0% for a second straight week. Refinancing applications dropped 2.0%, while purchase applications declined 0.3%.
2026-08-26
US Mortgage Demand Stays Weak as Rates Remain High
US mortgage rates were little changed last week, with the average contract rate for a 30-year fixed-rate mortgage with conforming balances holding at 6.77%. The stability in borrowing costs provided little incentive for either prospective buyers or existing homeowners to act, with total mortgage application volume slipping just 0.4% from the previous week. Although mortgage rates were unchanged during the week, they remained near the upper end of their recent range and moved slightly higher at the start of this week, suggesting housing activity may remain constrained in the near term. Refinance applications increased 2%, although demand remained subdued as elevated rates continued to discourage borrowers, particularly those with larger loan balances. Meanwhile, applications to purchase homes declined 2% as affordability pressures weighed on demand. Higher monthly payments and broader economic uncertainty are prompting some buyers to delay purchases.
2026-08-19