
Mortgage Rates Jump to Highest Level in Over a Year
The average 30-year mortgage rate climbs to its highest level in more than a year after renewed Middle East fighting pushes bond yields sharply higher.
2 September 2026 · 5 min readEconomics Correspondent
Olivia Brooks covers the economy, financial markets and the changing world of work. She explains what shifts in prices, borrowing costs and business activity mean for households.

The average 30-year mortgage rate climbs to its highest level in more than a year after renewed Middle East fighting pushes bond yields sharply higher.
2 September 2026 · 5 min readWall Street posts a third straight losing session as oil prices and global bond yields surge, with tech stocks leading the Nasdaq's decline.
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Bitcoin falls below $78,000 as growing bets on a Federal Reserve rate hike this month weigh on crypto prices alongside gold and other risk assets.
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Gold retreats from a two-week high as hawkish comments from Fed Chair Kevin Warsh and rising oil prices strengthen bets on a rate hike this month.
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The US national debt surpasses $40 trillion for the first time, arriving months earlier than forecasters expected as deficits and interest costs climb.
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