30-Year U.S. Treasury Yield Surpasses 5.31% Amid Mortgage Rate Struggles

The 30-year U.S. Treasury yield surpassed 5.31% on August 17, 2026, marking its highest level since 2007. The average 30-year fixed mortgage rate is at 6.67% as of mid-August, showing little change from the previous year, according to Freddie Mac. The federal government posted a monthly deficit of $432 billion in July 2023, the highest for that month, contributing to pressure on yields. This rise in Treasury yields and stagnant mortgage rates may impact homebuying decisions for prospective borrowers, ultimately influencing the housing market.