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NewsWPLG Local 10 – Main FeedJuly 30, 2026Miami-Dade

Average 30-Year Mortgage Rate Hits 6.66%

The average interest rate for a 30-year U.S. mortgage has increased for the fourth week in a row, reaching its highest point in the last 12 months.

housingmortgageseconomyinterest rates
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Why It Matters

Homebuyers face higher monthly loan payments and increased borrowing costs due to the rise in mortgage interest rates.

Key Facts

  • The average 30-year U.S. mortgage rate is now 6.66%.
  • This marks the fourth consecutive week of rate increases.
  • The current rate is the highest recorded in the past year.

Who's Mentioned

organizationFreddie Mac“Provides data on average U.S. mortgage rates.”personBob Broeksmit“CEO of the Mortgage Bankers Association.”other30-year U.S. mortgage“The financial product experiencing the interest rate increase.”personAnthony Smith“Senior economist at Realtor.com.”organizationFederal Reserve“Central bank whose interest rate policies influence bond yields and mortgage rat”organizationMortgage Bankers Association“Reports on mortgage application data.”