30-year fixed loan
7 Mortgage Rates Shocks for Millennials in 2026
Mortgage rates in 2026 hover around 6.5%, pushing monthly payments higher and tightening home-buyer eligibility. The surge follows Fed tightening since late 2025 and has already shrunk loan applications. Since July 13, 2026, the average 30-year fixed mortgage rate has risen to 6.58%, the highest level since early