Freddie Mac: US 30-Year Mortgage Rate Hits 6.76%, Highest Since June 2005

The milestone matters less for the headline level than for what it signals about the transmission of tighter policy into household borrowing costs, which have now fully retraced a nearly two-decade range. The immediate pressure falls on prospective buyers and the housing-adjacent economy, where affordability was already stretched before this move. Whether the climb stalls or extends from here is the open question, and it will shape how much further demand cools.