US 30-year mortgage rates have climbed to their highest level in more than a year, adding to affordability pressures for homebuyers. The rise comes as Treasury yields remain elevated amid inflation concerns, government borrowing needs and Middle East tensions, while Fed Governor Christopher J. Waller signals a possible pause on rate hikes.

Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year

US 30-year mortgage rates rose to 6.71%, the highest since July 2025, as Treasury yields climbed amid inflation and Middle East conflict concerns.