30-Year Mortgage Rate Rises to 6.51 Percent This Week
The average U.S. 30-year fixed mortgage rate increased to 6.51 percent from 6.36 percent, Freddie Mac reported Thursday. The rate remains below the 6.86 percent level recorded one year earlier.
U.S. mortgage rate rose this week to its highest level in nearly nine months. 36 percent the previous week, Freddie Mac said Thursday. The increase occurred as long-term bond yields moved higher. S. government debt contributed to the rise in yields.
55 on Friday, AAA data showed. That price is roughly 45 percent above the level recorded at the same time last year. Retailers have reported mixed results amid higher fuel costs and tariff changes. Walmart issued a quarterly forecast below Wall Street expectations on Thursday, while Target raised its full-year revenue outlook on Wednesday.
Applications for unemployment benefits declined last week.
The number of new claims fell as layoffs stayed low despite ongoing economic uncertainties.
Key Facts
Story Timeline
4 events- 2026-05-22
Freddie Mac reported the 30-year mortgage rate rose to 6.51 percent.
1 sourcewashingtontimes.com - 2026-05-23
AAA reported regular gasoline averaged $4.55 per gallon.
1 sourcewashingtontimes.com - 2026-05-21
Walmart released a quarterly forecast below analyst expectations.
1 sourcewashingtontimes.com - 2026-05-20
Target raised its full-year revenue outlook.
1 sourcewashingtontimes.com
Potential Impact
- 01
Higher mortgage rates may reduce home purchase affordability for buyers.
- 02
Elevated gasoline prices could reduce discretionary household spending.
- 03
Retail sales growth may slow once tax refund effects fade.
Transparency Panel
Related Stories
Financial TimesRomania Expels Russian Consul General After Drone Strike
Romania ordered the expulsion of Russia's Consul General in Constanta and closed the consulate after a drone struck an apartment building in Galati, injuring two people. NATO and Romanian officials condemned the incident as reckless escalation.
fortune.comHouse Republicans stall on immigration enforcement funding bill
A roughly $70 billion measure to fund immigration enforcement through the end of President Donald Trump's term stalled in the House. Progress halted over White House ballroom security funding and a proposed $1.8 billion fund for government-mistreatment claims.
techjuice.pkCanada Seeks 50 Percent Rise in Exports to China by 2030
Foreign Minister Anita Anand stated the export target during a visit by her Chinese counterpart to Ottawa. The announcement comes amid U.S. tariffs that have altered trade patterns.