The average 30-year fixed mortgage rate rose to 6.86% nationally, according to mortgage giant Freddie Mac's weekly survey.

Mortgage rates for 30-year loans are now at their most expensive level since early May of last year. Most other new purchase loan types increased as well.

Long-term mortgage rates rose this week, but remained below the 7% level for the 18th consecutive week, said the latest Freddie Mac Primary Mortgage Survey.

Mortgage rates climbed to the highest level in three months. The average rate on the standard 30-year fixed mortgage rose to 6.86%, according to a survey of lenders by mortgage-finance giant Freddie Mac.

The average rate on the 30-year fixed mortgage rose this week to 6.86%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.

Treasury have been climbing because of the Moody's U.S. downgrade, the tax bill under debate in Congress and possible GSE reform.

After notching a 2025 high last month, 30-year mortgage rates continue to bob around in lower territory. Rates dropped for many new purchase loan types Tuesday.

JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.