Mortgage Rates Today, August 30, 2026: 30-Year Refinance Rate Rises by 12 Basis Points

The average 30-year fixed refinance rate increased to 7.08% on August 30, 2026, marking a 12 basis point rise from the previous week. This increase is influenced by factors such as elevated oil prices due to geopolitical tensions and the Federal Reserve's hawkish stance on inflation, suggesting potential sustained or higher interest rates.