Mortgage Rates Have Climbed Every Month Since March. Here’s What’s Driving It [wCoamLEOdOf]

Health Updated on August 07, 2026 EDT — Published on August 07, 2026 EDT

Freddie Mac reported today that US mortgage rates hit a number not seen since July of last year. The average rate for the most popular, 30-year fixed, was 6.66%. We have steadily seen rates going up in this country since March. So what’s going on? This video explains.