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30-Year Fixed-Rate Mortgage Reaches Highest Level In Almost A Year
Authored by Naveen Athrappully via The Epoch Times,
The average weekly rate on a 30-year fixed-rate mortgage is at its highest level in nearly a year, contributing to elevated housing costs and dampening buyer interest.
A home for sale in Alhambra, Calif., on Aug. 28, 2025. Frederic J. Brown/AFP via Getty ImagesFor the most recent week, the mortgage rate was at 6.55 percent, according to a July 16 statement by Freddie Mac. This is the highest level since the week ending Aug. 27, 2025, when the rate was at 6.56 percent. Since mid-May, rates have consistently hovered around 6.5 percent.
Rates have risen consecutively over the past two weeks, from 6.43 percent for the week ending July 1 to 6.55 percent currently.
Meanwhile, pending home sales in the country declined 2.2 percent for the four weeks ending July 12 compared to the four-week period ending July 5, according to a statement from real estate brokerage Redfin.
First-time homebuyers are facing a "tough time" breaking into the housing market, Christine Kooiker, a Redfin Premier agent in Grand Rapids, Michigan, said in the statement.
"High mortgage rates mean that even homes in the most affordable price point - under $350,000 in the Grand Rapids area - are a stretch for a lot of buyers, and they're hard to find and competitive," Kooiker said.
Many buyers are "sitting on the sidelines, too, because they're locked into low mortgage rates or can't find a new home they love."
Similar findings were made by the National Association of Realtors (NAR), which, in a July 16 statement, reported a 5.4 percent month-over-month dip in pending sales in June.
The decrease was most pronounced in the Midwest, followed by the West, South, and Northeast.
"The highest mortgage rates in nearly a year and the record-high national median home price together are contributing to a tepid housing market that is especially difficult for first-time homebuyers," NAR Chief Economist Dr. Lawrence Yun said in the statement.
Housing AffordabilityLawmakers have taken action to ease the burdens on prospective homebuyers and make housing more affordable for Americans.
On July 11, the 21st Century ROAD to Housing Act became law. The legislation aims to ensure housing affordability through various measures, such as rolling back permits and regulations, and offering financial support to homebuyers, builders, and state and local governments.
The bill was passed by the House and Senate last month. However, President Donald Trump refused to sign the bill until the election integrity bill, the SAVE America Act, was passed by Congress.
According to Article I of the U.S. Constitution, if a bill is not returned by the president within 10 days after being presented, it shall become law. Trump's deadline to veto the bill was July 10.
The bill "will cut red tape, lower costs, and boost the supply of housing," Rep. Sam Liccardo (D-Calif.) said in a July 13 statement.
"We need to build on this momentum and keep rolling up our sleeves to tackle the housing crisis confronting far too many American families."
Meanwhile, builder confidence in the market for newly built single-family homes declined in July from the previous month, according to a July 16 statement from the National Association of Home Builders (NAHB).
The NAHB/Wells Fargo Housing Market Index was at 36 in July, the 15th straight month it has remained below the 40 level. This is the longest stretch of monthly values below 40 since 2012.
NAHB chief economist Robert Dietz cited housing affordability as the "primary challenge" facing the home building industry.
NAHB chairman Bill Owens said that many potential buyers continue to hesitate to purchase homes as they wait for mortgage rates to come down and for more clarity on inflation and the economic outlook.
While the 21st Century ROAD to Housing Act has some important provisions addressing obstacles faced by buyers and builders, "these reforms will take time to implement," Owens said.
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FBI Calls Incendiary Attack On Manhattan Federal Building An "Anti-Government Attack"
Summary:
- FBI Calls incident "anti-government attack on a federal facility"
- Suspect had "ICE Off Our Streets" Sign
- Suspect Arrested
- FBI New York Joint Terrorism Task Force is investigating the incident
- FBI tells Fox News "an individual deployed an incendiary device"
- Immigration agents and FBI rushed out, guns drawn, and FPS apprehended the suspect
- Explosion Hits Outside 26 Federal Plaza in Lower Manhattan
For years, left-wing political violence in the US was often treated as isolated and/or a non-issue. The Trump administration is now calling it a domestic terrorism threat.
FBI Assistant Director in Charge James Barnacle described the incident outside 26 Federal Plaza in Lower Manhattan earlier today as an "anti-government attack on a federal facility."
Watch the suspected left-wing radical attack the federal building, which houses offices for agencies including DHS, ICE, USCIS, the FBI, and the Social Security Administration.
A low IQ suspected left-wing terrorist attempted to set a federal government building on fire before being apprehended. pic.twitter.com/rWTctxtRQd
— Breanna Morello (@BreannaMorello) July 20, 2026Suspect identified as Andrew Arrabaca ...
The suspect detained in connection with the incendiary device outside 26 Federal Plaza has been identified as 43-year-old Andrew Arrabaca. pic.twitter.com/r7ZAzX0EUj
— Roberto Gil (@RbtGil) July 20, 2026Barnacle also said the suspect carried a sign reading "ICE Off Our Streets," which suggests an association with left-wing groups.
Members of the FBI Evidence Response Team collected evidence at the scene where an incendiary device was detonated outside of 26 Federal Plaza in Manhattan, New York, United States on July 20, 2026. Monday morning the incident occurred and federal authorities are investigating… pic.twitter.com/RiXBlvbxop
— Kyle Mazza (@KyleMazzaWUNF) July 20, 2026Even The Atlantic had to recently admit there was a troubling rise in left-wing terror...
Last week, Secretary of State Marco Rubio addressed delegations from 65 nations about the alarming rise of far-left terrorism across the West.
Socialist NYC Mayor Zohran Mamdani called the incident "deeply disturbing." Yet Mamdani and his unhinged anti-American DSA-ers have pushed an increasingly hostile climate toward federal law enforcement.
Suspect ArrestedBREAKING: Suspect apprehended after incendiary device deployed outside 26 Federal Plaza in NYC, FBI reports pic.twitter.com/7sZxyan0XV
— Fox News (@FoxNews) July 20, 2026 FBI New York Joint Terrorism Task Force InvestigatingThe FBI tells Fox News' Bill Melugin:
"This morning an individual deployed an incendiary device outside of 26 Federal Plaza. The individual has been taken into custody and the FBI New York Joint Terrorism Task Force is investigating the incident."
Melugin continued:
NYPD tells FOX there was a "found firearm" in relation to this event, but couldn't confirm if it was found on the suspect.
FBI statement to @FoxNews:
"This morning an individual deployed an incendiary device outside of 26 Federal Plaza. The individual has been taken into custody and the FBI New York Joint Terrorism Task Force is investigating the incident."
NYPD tells FOX there was a "found… https://t.co/bUdDbryRxC
The attack at 26 Federal Plaza, which houses offices for agencies including DHS, ICE, USCIS, the FBI, and the Social Security Administration, comes days after Secretary of State Marco Rubio warned of far-left terrorism across the West.
Another view:
From outside my apartment. Saw what looked like a shotgun and people running for cover behind walls. Scary sights pic.twitter.com/geMnremrKD
— DoubleDash_DigitalDash (@DoubleDash_H) July 20, 2026 Explosion Reported Outside 26 Federal Plaza In Lower ManhattanNew footage shows what appears to be a fire and a person being arrested outside 26 Federal Plaza in Lower Manhattan.
"Moment of EXPLOSION that went off outside of the 26 Federal Plaza in NYC around 8:30am this morning, with Immigration agents and FBI Rushing out guns drawn and FPS apprehending the suspect. Sidewalk has been shut down and building evacuated," FreedomNews wrote on X.
NOW: Moment of EXPLOSION that went off outside of the 26 Federal Plaza in NYC around 8:30am this morning, with Immigration agents and FBI Rushing out guns drawn and FPS apprehending the suspect. Sidewalk has been shut down and building evacuated.
NYPD on scene confirmed it was… pic.twitter.com/aihTqsFpcN
Notably, the building houses several federal agencies, including the Department of Homeland Security, Immigration and Customs Enforcement, the FBI, the Social Security Administration, and U.S. Citizenship and Immigration Services.
There is no additional information at this time.
Tyler Durden Mon, 07/20/2026 - 13:45