Another Housing Market Obstacle Just Got Steeper. Mortgage Rates Near One-Year High.

Source: International Business Times

The average interest rate for a 30-year fixed-rate mortgage increased to 6. 65% last week, the highest level since August 2025. Mario Tama/Getty Images Mortgage rates have climbed to their highest level in nearly a year, cooling homebuyer demand at a time when elevated home prices and a shortage of affordable listings continue to weigh on the U.