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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 KPRC 2 / Click2Houston (NBC)
· July 9, 2026
· 2 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 Pearland
In Pearland , where the housing market has been closely tied to the overall Houston area's economic trends, the rising mortgage rates pose a significant challenge for prospective homebuyers. With the average 30-year mortgage rate now at 6.49%, borrowers in Brazoria County can expect to see their monthly mortgage payments increase, potentially pricing some out of the market. This could have a ripple effect on the local real estate industry, as home sales may continue to slow. The impact may be particularly felt in Pearland, where many residents commute to jobs in Houston and rely on affordable housing options. As the mortgage rates remain elevated, it will be important to watch how the local housing market responds, particularly in terms of sales volume and pricing. The city's economy, which has been driven in part by its growing population and new developments, may need to adapt to a changing housing landscape.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Pearland 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 KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 9, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 2 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 KPRC 2 / Click2Houston (NBC) and curated for The Pearland readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Pearland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Pearland, or browse our daily briefing and topic hubs .
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