AI Data Insight
The US 30-year fixed mortgage rate rose to 6.58% in the third week of July 2026, edging up from 6.55% the previous week and hitting a nearly 11-month high. Influenced by surging oil prices triggered by geopolitics and inflation concerns, the 10-year US Treasury yield climbed higher, in turn driving up mortgage costs. In the short term, high borrowing costs are expected to continue suppressing potential buyers' intentions, subjecting existing home sales to further downward pressure.