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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)
· 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 The San Antonio
For San Antonio homebuyers, the rising mortgage rates mean a significant increase in monthly payments, which could price some out of the market. With the average 30-year mortgage rate now at 6.49%, borrowers in Bexar County can expect to pay hundreds of dollars more per month compared to earlier this year. This upward trend in mortgage rates may slow down the local housing market, which has been a key driver of economic growth in the San Antonio area. As the Federal Reserve's interest rate policy and global events continue to influence mortgage rates, local prospective homebuyers will be closely watching the market, waiting for a potential dip in rates to make their purchase more affordable. The impact of rising mortgage rates will be particularly felt in San Antonio's competitive housing market, where affordability is already a concern for many buyers.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio 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) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 9, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
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) and curated for The San Antonio readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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