Your mortgage rate has a growing problem in the bond market

A broad-based sell-off in government debt markets has kept mortgage rates elevated and limited prospects for near-term declines. The 30-year U.S. Treasury yield rose above 5.31% on August 17, 2026, marking its highest level since 2007, while the average 30-year fixed mortgage rate held near 6.67% as of mid-August, according to Freddie Mac’s weekly survey.
Three structural factors are driving the sustained rise in long-term yields. The federal government is issuing record volumes of new de