Mortgage Rates Climb to 6.52%, Approaching Yearly Peak

WHO:

Fast Company - Freddie Mac, a mortgage buyer, reported the mortgage rate.

WHAT:

Fast Company - The average long-term U.S. mortgage rate rose to 6.52% from 6.48%.

Fast Company - The average rate remains below 6.84%, where it was a year ago.

Fast Company - The yield on the U.S. 10-year Treasury note was at 4.53% in midday trading, up from 4.47% a week ago.

Fast Company - Sales of previously occupied U.S. homes declined in the first three months of the year compared to a year earlier.

Fast Company - Sales of existing U.S. homes continue to hover close to a 4-million annual pace.

WHERE:

Fast Company - The mortgage rate data pertains to the United States.

WHEN:

Fast Company - The mortgage rate increase was reported on a Thursday.

WHY:

Fast Company - The rise in mortgage rates is influenced by the Federal Reserve’s interest rate policy, bond market investors’ expectations for the economy and inflation, and the ongoing conflict between the U.S. and Iran.

Fast Company - The conflict has disrupted the flow of crude oil from the Persian Gulf, driving up oil prices and inflation.

HOW:

Fast Company - Mortgage rates generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.

(UPDATED June 11, 2026 18:07 UTC)

Freddie Mac has reported that the average long-term U.S. mortgage rate has risen to 6.52%, up from 6.48%, while still remaining below last year's rate of 6.84%. In related news, the yield on the U.S. 10-year Treasury note increased to 4.53%, and sales of previously occupied homes have declined compared to the same period last year, hovering around a 4-million annual pace. This rise in mortgage rates is largely influenced by the Federal Reserve’s interest rate policy, expectations from bond market investors regarding the economy and inflation, and the ongoing conflict between the U.S. and Iran, which has affected oil prices and inflation.