{"id":814,"date":"2026-05-28T21:08:36","date_gmt":"2026-05-28T21:08:36","guid":{"rendered":"https:\/\/americanmovershub.com\/?p=814"},"modified":"2026-05-28T21:08:36","modified_gmt":"2026-05-28T21:08:36","slug":"are-mortgage-rates-continuing-to-rise","status":"publish","type":"post","link":"https:\/\/americanmovershub.com\/?p=814","title":{"rendered":"Are mortgage rates continuing to rise?"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>KEY POINTS<\/div>\n<\/div>\n<div>\n<ul>\n<li>Weekly average rate for a 30-year fixed-rate U.S. mortgage is up.<\/li>\n<li>Mortgage rates haven&#8217;t been this high since August 2025.<\/li>\n<li>Pending home sales down for second straight week.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Mortgage rates were up again this week and remain at the highest level in nine months.<\/p>\n<p>Read more <a href=\"https:\/\/americanmovershub.com\/?p=812\">Mosquitoes might outsmart humans by liking DEET<\/a><\/p>\n<p>The weekly average rate for a 30-year fixed-rate mortgage has now reached 6.53% as of Thursday, according to the Federal Home Loan Mortgage Corporation, better known as Freddie Mac.<\/p>\n<p>The latest increase comes after last week\u2019s sharp jump in rates amid heightened concerns that prices will keep rising due to the war in Iran. A week ago, the average rate climbed 0.15 percentage points, from 6.36% to 6.51%.<\/p>\n<h3>Slight improvement in daily mortgage rates<\/h3>\n<p>A daily tracker that had posted rates as high as 6.75% last week showed a slight drop as of midday Thursday, to 6.59%. The 0.02 percentage point drop, measured by Mortgage News Daily, was attributed to an increase in an inflation indicator not being as high as expected.<\/p>\n<p>Still, a Mortgage News Daily post on Thursday noted, \u201cthe market remains focused primarily on supertankers being able to transport oil. Those prospects were dealt a fresh blow overnight as both sides reported renewed attacks.\u201d<\/p>\n<p>Mortgage rates are closely tied to long-term U.S. Treasury bond yields, which have been driven up since the U.S. and Israel launched attacks against Iran in late February, all but halting a significant portion of the world\u2019s tanker traffic.<\/p>\n<p>Read more <a href=\"https:\/\/americanmovershub.com\/?p=810\">How Lehi is building young readers \u2014 and affordable housing \u2014 during a national \u2018learning recession\u2019 moment<\/a><\/p>\n<p>Now, mortgage rates, which had slipped below 6% for the first time since 2022 just before the start of the war, are taking a toll on the housing market. Redfin, an online real estate brokerage, reported Thursday pending home sales were down for a second straight week.<\/p>\n<h3>Why pending U.S. home sales are down<\/h3>\n<p>A Redfin post blamed high mortgage rates for a 1.5% decline in U.S. pending home sales on a seasonally adjusted basis for the week ending May 24. Pending sales were also down the previous week following four weeks of increases.<\/p>\n<p>Home prices are heading up, too, with the median monthly housing payment now at an 11-month high of $2,637, according to Redfin. The combination is adding to concerns about the economy that surfaced when President Donald Trump imposed sweeping tariffs last year.<\/p>\n<p>Polls then showed many Americans, including in Utah, were hesitant to buy a home or other big-ticket items.<\/p>\n<p>\u201cFinancial uncertainty is playing a role, too,\u201d Redfin posted, noting \u201csome would-be homebuyers are jittery about making a huge purchase when the economy feels shaky and consumer confidence is at an all-time low.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/americanmovershub.com\/?p=808\">House moves forward on new railway safety measures: What you need to know<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>High mortgage rates blamed for drop in pending U.S. home sales. Mortgage rates 2026. Why are mortgage rates going up? Are home sales declining? <\/p>\n","protected":false},"author":1,"featured_media":813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are mortgage rates continuing to rise? - American Movers Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanmovershub.com\/?p=814\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are mortgage rates continuing to rise? - American Movers Hub\" \/>\n<meta property=\"og:description\" content=\"High mortgage rates blamed for drop in pending U.S. home sales. 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