Mortgage Rates Hit 14-Month High as Home Sales Stagnate

Mortgage rates climb to 6.76%, the highest in over 14 months, impacting homebuyers and sales. Learn more about the latest trends.

Editorial Desk

September 10, 2026 One Min Read

POLICY WIRE — Washington, D.C. — Mortgage rates have surged to their highest level in over 14 months, with the average 30-year fixed-rate mortgage hitting 6.76% according to Freddie Mac.

The increase marks the third consecutive week of rising rates, adding financial strain for homebuyers and contributing to stagnant home sales this year. The 15-year fixed-rate mortgage also climbed to 6.09%, reflecting broader economic pressures.

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Rates are influenced by inflation, Federal Reserve decisions, and market expectations, with recent tensions in the Iran war driving oil prices higher and fueling concerns about inflation. Analysts suggest that these factors continue to shape the housing market landscape.

Reporting by Policy-Wire (PW)

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