Personal Finance

Mortgage Rates at 1-Year High: What’s Driving Them and When Can Homebuyers Expect Relief?

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August 13, 2026 — Mortgage rates remain stubbornly elevated near a one-year high, pressuring homebuyers and reshaping the housing market outlook. As of the latest Freddie Mac data, the average 30-year fixed mortgage rate stood at 6.67%, just two basis points lower than the prior week and significantly higher than the 6.58% average recorded this … Read more