30-Year Fixed Mortgage Rate Climbs to 6.55% as 10-Year Treasury Yields Hit 4.73%

On August 30, 2026, the 30-year fixed mortgage rate increased to 6.55%, while the 10-year U.S. Treasury yield rose to approximately 4.73%. This upward movement in borrowing costs is attributed to persistent inflation and signals from the Federal Reserve that further interest rate hikes may be necessary to control it.