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The NotePin S AI wearable, seen here on the wrist of CNET's Katie Collins, could be really useful for my job. And it's on sale for Prime Day. I took over the role of CNET's editorial leader earlier this year, and while I've participated in Prime Day sales as a TV reviewer and general deals…
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Apple spent a lot of time talking about artificial intelligence at WWDC this year, including how Apple Intelligence is getting a boost from Google's Gemini models. Apple unveiled Siri AI, a major overhaul of its voice assistant that can hold longer conversations, answer questions about what is on your screen and pull relevant information from…
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When choosing the best carpet cleaner or carpet shampooer for your home, several factors come into play beyond just the price. Here's a breakdown of what to consider: Are you battling tough, set-in stains? Or are you mostly dealing with everyday foot traffic and light dirt? Answering that question will help you find the best…
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Tech The new Siri AI is not coming to all devices, and recent price increases make it more painful to upgrade to new devices all at once. CNET's Bridget Carey has been testing out the new Siri AI in beta on her phone and says a new Apple TV box and new HomePods are a…
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We could not fetch a description for this story. News stories are electronically generated and sometimes skip a beat. Please use our related news tabs below for more information on Best Google Pixel Phone to Buy in 2026.
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of ConsumerAffairs
June 26, 2026
The average rate on a 30-year fixed mortgage rose to 6.49% this week, up slightly from 6.47% last week but below the 6.77% average a year ago.
Mortgage rates have remained in a narrow range around 6.5% for the past six weeks, providing borrowers with more certainty even as affordability challenges persist.
While rates are lower than a year ago, elevated borrowing costs continue to weigh on home affordability and are likely to keep the housing market moving at a measured pace.
The average rate on a 30-year fixed-rate mortgage increased slightly to 6.49% this week, according to Freddie Mac, remaining near the level where borrowing costs have hovered for more than a month.
The rate edged up from 6.47% last week but remains below the 6.77% average recorded during the same week a year ago. Freddie Mac also reported the average 15-year fixed-rate mortgage rose to 5.84%, compared with 5.81% a week earlier.
"Mortgage rates have remained essentially unchanged for the past six weeks, continuing to stabilize after earlier volatility," Freddie Mac said in its weekly Primary Mortgage Market Survey.
Good and bad
The steady rate environment offers prospective buyers greater certainty as they plan home purchases. However, borrowing costs remain well above the historic lows seen during the pandemic, limiting purchasing power for many households.
At current rates, monthly mortgage payments remain significantly higher than they would be at rates closer to 5%, making affordability a key challengeespecially for first-time buyers already facing elevated home prices and limited inventory.
For the broader housing market, the stability in mortgage rates could help sustain modest buyer demand during the summer selling season. Buyers who delayed purchases while waiting for rates to fall may become more willing to enter the market if borrowing costs continue to hold near current levels.
However, economists caution that a meaningful rebound in home sales is unlikely without either lower mortgage rates or increased housing supply. While rates are down modestly from a year ago, they remain high enough to discourage many existing homeowners from selling because they are locked into much lower mortgage rates.
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