local
Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
By Alex Veiga, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· July 9, 2026
· 3 min read
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.43% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%.When...
Key takeaway 43% last week, mortgage buyer Freddie Mac said Thursday.
Why this matters in Terrell Hills News
For Terrell Hills residents considering purchasing a home, the recent increase in mortgage rates may have significant implications. With the average 30-year mortgage rate rising to 6.49%, prospective homebuyers in the area can expect to see their borrowing costs increase by hundreds of dollars per month. This reduction in purchasing power may lead to a decrease in home sales in Terrell Hills, as buyers may be forced to reconsider their options or opt for less expensive properties. The uncertainty surrounding mortgage rates, fueled by global events such as the war with Iran, may also cause some would-be homebuyers to wait on the sidelines, potentially slowing down the local real estate market. As a result, local real estate agents and homeowners may need to adjust their strategies to accommodate the changing market conditions, making it essential to monitor the trajectory of mortgage rates and their impact on the Terrell Hills community.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 9, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.43% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%.When...
When was this published? This article was first published on July 9, 2026 by KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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