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A 'for sale' sign is seen on a house in Monterey Park, California, on September 17, 2025. BROWN/AFP hide caption The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. That's the highest it's reached in a year — at the end of last July, the average rate was 6.72%. The biblically ominous 6.66% figure could strike fear into homebuyers because it's a sign that home ownership is becoming less affordable. Last summer, rates were falling, and the decline continued into early 2026.
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A 'for sale' sign is seen on a house in Monterey Park, California, on September 17, 2025. BROWN/AFP hide caption The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. That's the highest it's reached in a year — at the end of last July, the average rate was 6.72%. The biblically ominous 6.66% figure could strike fear into homebuyers because it's a sign that home ownership is becoming less affordable. Last summer, rates were falling, and the decline continued into early 2026.
A 'for sale' sign is seen on a house in Monterey Park, California, on September 17, 2025. BROWN/AFP hide caption The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. That's the highest it's reached in a year — at the end of last July, the average rate was 6.72%. The biblically ominous 6.66% figure could strike fear into homebuyers because it's a sign that home ownership is becoming less affordable. Last summer, rates were falling, and the decline continued into early 2026.
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