Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.

The average rate on the 30-year fixed mortgage rose this week to 6.86%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.

Rates on 30-year refi mortgages jumped several points—triggered by bond prices that soared Wednesday in response to President Trump's tax bill. Rates rose for most loan types.

Today’s 30-year mortgage rate rose to 7.14%, with 15-year and 5-year ARM rates also climbing. See current trends and tips to save.

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.

Rates on 30-year mortgages have shot further above the 7% mark, following a rising bond market that reacted strongly Wednesday to the possibility of President Donald Trump's tax bill passing. The flagship average is now up to 7.11%, with rates rising for many other mortgage types as well.

The average rate on a 30-year fixed mortgage hit 7.04% on Monday, its highest level since April 11. These are today's mortgage and refinance rates. The U.S. credit rating was recently downgraded by Moody's, causing mortgage rates to tick up. Lock in your rate today.

Today's average 30-year mortgage rate is 6.90%. Rates are up across all loan types, including 15-year and jumbo mortgages.

JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.

In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up from 6.76% last week. So far this year, the popular product has averaged 6.80%, with the lowest level at 6.62% and the highest at 7.04%.

Rates on 30-year mortgages inched up to 6.86% from 6.81% last week, while rates on 15-year fixed-rate mortgages rose to 6.01% from 5.92%.

Mortgage rates had been falling, but this week's inflation figures could see rates start to rise again, a lender has warned.