As Treasury yields rose on Wednesday, so did the rate on the 30-year fixed mortgage. The average rate on the 30-year fixed mortgage hit 7.6%, according to Mortgage News Daily. That's the highest level since Nov. 1, 2023 when the average rate was at 7.69%.
US30YFRM YTD mountain 30-year fixed rate mortgage in 2026 The 10-year Treasury yield, which influences mortgage rates, jumped to 5.306% at its high of the day -- the highest level since June 13, 2007. On that day, the benchmark yield hit 5.348%. -- Darla Mercado, Gina Francolla