30-Year Mortgage Rate Climbs To 6.55%, Highest In Nearly A Year
Mortgage applications fell 7% in a week, and June pending home sales dropped 5.4% from May, NAR data show.
- Lawrence Yun, NAR's chief economist, says the median home price hit a record high.
- Rates had dipped below 6% in February for the first time in 3.5 years.
- Zillow forecasts rates easing to 6.4% by the end of 2026.
Why it matters: Cooling inflation and a foreign war are now the two forces setting an American family's monthly payment.
CNN Wire (Samantha Delouya) via WXOW, published Jul 18 2026 ↗ · Jul 18, 20267/18/26 · ✓ Checked✓ Check