Mortgage Rates Climb to 6.55%, Highest in Nearly a Year, as MBA Applications Fall 2.7%, June CPI Cools to 3.5% and Existing-Home Sales Slip to 4.09M While Prices Hit a Record High

Mortgage Market Update: The 30‑year fixed rises to 6.55% in Freddie Mac’s July 16 survey, the highest level since August 2025; MBA data for the week ending July 10 show applications down 2.7%