Mortgage Rates Rise: 30-Year Fixed Hits 6.65%, 15-Year at 6%
Mortgage interest rates saw an uptick on Wednesday, August 12, 2026, with the average 30-year fixed rate climbing to 6.65%. The 15-year fixed rate also moved higher, reaching 6.00%. This increase suggests a potential shift impacting housing affordability and refinance activity.
* Monitor mortgage lenders and homebuilders for impacts from rising rates, which can affect demand and borrowing costs. * Consider the effect on adjustable-rate mortgage holders and private mortgage insurance providers as rates shift.