{"id":436188,"date":"2026-08-14T00:00:13","date_gmt":"2026-08-13T17:00:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-30-year-average-mortgage-rate-averages-6-67-vs-6-69-last-week-436188\/"},"modified":"2026-08-14T00:00:13","modified_gmt":"2026-08-13T17:00:13","slug":"us-30-year-average-mortgage-rate-averages-6-67-vs-6-69-last-week","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-30-year-average-mortgage-rate-averages-6-67-vs-6-69-last-week-436188\/","title":{"rendered":"US 30 year average mortgage rate averages 6.67% vs 6.69% last week."},"content":{"rendered":"
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The average 30 year fixed rate mortgage fell to 6.67% from 6.69% last week.\u00a0 \u00a0A year ago the 30 year yield was at 6.58%.<\/p>\n

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Mortgage rates aren’t set directly by the Fed; they are driven primarily by mortgage-backed securities, which tend to move with longer-term Treasury yields, particularly the 10-year. The 10 year yield last Thurday was at 4.676%. The current 10 year is at 4.643% but is down from a high close from Monday near 4.71%.\u00a0\u00a0<\/p>\n

With yesterday’s CPI followed by today’s softer-than-expected PPI, inflation pressure looks somewhat less threatening. Treasury yields have moved lower. If that bond-market rally holds, it creates an opportunity for 30-year mortgage rates to move lower from the current 6.67% level.<\/p>\n

For perspective, rates briefly fell below 6% earlier this year\u2014Freddie Mac noted a 5.98% low during Q1\u2014before moving back above 6%. The low 10 year yield for the year reached 3.93%. With the current 10 year yield at 4.64%, that is up 71 basis points. The comparable 30 year mortgage is up 69 basis points.\u00a0\u00a0<\/p>\n

So I’d characterize the current situation as: mortgage rates are still high historically. The next question is whether the bond rally has enough staying power to push mortgage rates toward 6.5% and eventually closer to 6%.<\/p>\n

The 15-year fixed-rate mortgage\u00a0averaged 5.96%, down from last week when it averaged 6.01%. A year ago at this time, the 15-year FRM averaged 5.71%.<\/p>\n

Meawhile, the average gas price in the US is up to $4.07.\u00a0 A month ago it was $3.87 and a year ago $3.15.\u00a0\u00a0<\/p>\n

This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The average 30 year fixed rate mortgage fell to 6.67% from 6.69% last week.\u00a0 \u00a0A year ago the 30 year yield was at 6.58%. Mortgage rates aren’t set directly by the Fed;…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436188","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436188"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436188\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}