A for sale sign near a home in Austin, Texas. Brandon Bell/Getty Images
The weekly average rate on a 30-year fixed-rate mortgage continued to climb for the most recent week, hitting its highest level in nine months.
For the week ending May 27, the rate was 6.53 percent, up from the previous week’s 6.51 percent. The last time rates exceeded this level was for the week ending Aug. 27, 2025. Rates had dipped below the 6 percent level to hit 5.98 percent in late February, but have since been on the rise, according to Freddie Mac.
