US 30-Year Mortgage Rate Climbs to 6.75% Amid Housing Market Pressure
The US 30-year mortgage rate has increased to 6.75% from 6.72%, according to Freddie Mac's latest weekly survey. This marks a continued rise from the 2025 low of 6.62% recorded in April, though rates remain below January's peak of 7.04%. The mortgage market has been consolidating within a 6.10% to 7.22% range throughout most of the year, with the exception of a brief spike during September-November. Higher mortgage rates are pressuring housing affordability and dampening demand, which could influence Federal Reserve policy considerations. The persistent elevation in borrowing costs reflects ongoing inflation concerns and market expectations for sustained higher interest rates. For forex traders, elevated mortgage rates typically support USD strength as they signal tighter financial conditions and potentially higher yields on US assets.
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