The 10-year Treasury hit its highest level since the 2007 financial crisis this week, and the 30-year Treasury hasn't been this high since 2004. Whitney Pauley, Senior Mortgage Advisor at CrossCountry Mortgage, explains what's driving it and what it means for your decision.
Mortgage rates moved higher this week, closing Friday at the highest level we've seen in over a year. If you've been watching rates while you shop for a home in the Snoqualmie Valley or on the Eastside, here's the short version: this jump wasn't caused by the usual things that move rates. It wasn't
Mortgage rates hit their highest level in more than a year during the week of July 21, 2026, with the 30-year fixed rate peaking at 6.85% Thursday and closing Friday at 6.81%. The move was driven by continued oil price volatility tied to the Iran conflict and by initial jobless claims falling to the
Mortgage rates ended the week of July 14, 2026, at around 6.63% on the 30-year fixed, up slightly from the prior week. Rates rose even though the June inflation report came in cooler than expected, because bond markets are focused on the continuing Iran conflict, rising oil prices, and Fed Chair Kev