US Mortgage Rates Reach Fresh 2025-High: MBA

2026-08-05 11:10 By Joana Taborda 1 min. read

The average 30-year fixed mortgage rate for loans of up to $806,500 in the US increased by 5bps to 6.81% in the week ended July 31st 2026, reaching the highest level in a year, after soaring by 7bps in the previous week, according to the Mortgage Bankers Association.

The rise tracked higher Treasury yields, while renewed hostilities in the Middle East pushed oil prices higher, raising inflation concerns.

Meanwhile, mortgage applications decreased 2.9%, extending a 6.4% drop in the previous week.

Applications to purchase a home slumped 3.6% and those to refinance a home loan dropped 1.9%, after decreases of 3.6% and 9.9% respectively in the previous week.



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