Mortgage Rates Rise Again | San Antonio News

San Antonio News Today | 2 Min News | The Daily News Now! · Jul 9, 2026 · 1m

Mortgage rates just hit 6.49% — up from 6.43% last week — making home buying more expensive and shrinking affordability. After briefly dipping below 6% in February, rates have steadily climbed since May, reaching their highest in nine months. This trend is dragging down home sales, which have been in decline since 2022. Both 30-year and 15-year fixed rates are rising, fueled by the Fed’s rate moves and investor concerns over inflation, especially from surging oil prices. The 10-year Treasury yield jumped to 4.55%, pushing mortgage costs higher. Sales remain far below normal, even as they’ve…