Fed decisions from June to SeptemberThe U.S. 30-year fixed mortgage rate has climbed to 6.66%, marking its highest point since July 2025, according to Bloomberg Markets. This increase is attributed to a rise in long-term Treasury yields, with the 10-year yield reaching mid-4% and the 30-year yield surpassing 5%. The surge in mortgage rates coincides with renewed concerns over inflation, as Treasury yields have been on the rise in recent weeks. The market appears to interpret the rise in mortgage rates as consistent with scenarios where the Fed may opt to maintain or even increase interest rates to counter inflationary pressures. The rise to a 12-month high in mortgage rates suggests increased inflationary pressures, impacting Fed decision scenarios.