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Fixed Mortgage Rates Climb Again as Inflation and Fed Policy Keep Borrowers on Edge

Fixed mortgage and refinance rates moved higher on Wednesday, August 12, 2026, extending a pattern that has kept borrowing costs near multi-month highs and left…

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Fixed Mortgage Rates Climb Again as Inflation and Fed Policy Keep Borrowers on Edge
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Excerpts from the article

  • Fixed mortgage and refinance rates moved higher on Wednesday, August 12, 2026, extending a pattern that has kept borrowing costs near multi-month…
  • The latest daily readings show the average 30-year fixed refinance rate reaching 7.18% as of August 11, an increase of 11 basis points from the…
  • These moves are part of a broader upward trend. Freddie Mac’s weekly survey pegged the 30-year fixed rate at 6.69% as of Thursday, a new 2026 high…

Will the CPI report confirm that inflation is sticky enough to keep mortgage rates pinned near their 2026 highs, or will it open the door to a meaningful pullback in borrowing costs?

Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6

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