FX.co ★ US 30-Year Mortgage Rates Jump to Nine-Month High

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less rose to 6.65% in the week ending May 22, 2026, up from 6.56% the previous week, marking the highest level since August 2025, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. This was the fifth consecutive weekly increase, reflecting higher Treasury yields as investors responded to persistent inflation pressures stemming from elevated fuel prices and mounting global public debt. Those concerns led markets to rule out Federal Reserve rate cuts and instead price in the possibility of a rate hike by year-end. As a result, overall mortgage applications fell 8.5%, the steepest decline in nearly two months, with refinance applications tumbling 18.1% and purchase applications edging down 0.4%.