US mortgage rate climbs to nine-month high of 6.51% as inflation fears mount
The US mortgage rate has risen to a nine-month high of 6.51%, impacting affordability for homebuyers. This increase follows a period of sub-6% rates earlier this year, driven by rising oil prices and inflation concerns. Additionally, crypto-backed mortgage products are gaining traction as a new option for homebuyers.
- ▪The average 30-year fixed mortgage rate hit 6.51% for the week ending May 21, 2026.
- ▪This rate is the highest since August 2025 and represents a significant increase from earlier this year.
- ▪Fannie Mae has approved Bitcoin and USDC as collateral for crypto-backed mortgages, allowing homebuyers to use their crypto holdings without selling them.
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US mortgage rate climbs to nine-month high of 6.51% as inflation fears mount The 30-year fixed rate's sharp reversal from sub-6% levels earlier this year is squeezing affordability during peak buying season, while crypto-backed mortgage products quietly gain ground. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The average 30-year fixed mortgage rate hit 6.51% for the week ending…
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