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Mortgage rates edge higher amid Iran tensions, inflation uncertainty
By Chris Williams at FOX 11 Los Angeles (KTTV)
· June 27, 2026
· 1 min read
Mortgage rates edged slightly higher this week, with the average 30-year fixed loan rising to 6.49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.
Key takeaway 49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.
Why this matters in The Los Angeles
For Los Angeles homebuyers, the slight uptick in mortgage rates may exacerbate the already challenging affordability landscape in the city. With the average 30-year fixed loan now at 6.49%, prospective buyers will need to factor in higher monthly payments, which could price some out of the market. This is particularly concerning in a city where housing costs are already among the highest in the nation. The relative stability of mortgage rates over the past six weeks offers some reassurance, but the uncertainty surrounding inflation and global events like the Iran tensions could lead to further rate fluctuations. As a result, local buyers and sellers will be closely watching the market, waiting to see how these factors will impact the Los Angeles housing market and potentially alter the calculus for those looking to purchase or refinance a home in the near future.
About this story
Original reporting by FOX 11 Los Angeles (KTTV) . The Los Angeles surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit FOX 11 Los Angeles (KTTV) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 27, 2026 ·
Source: FOX 11 Los Angeles (KTTV) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Mortgage rates edged slightly higher this week, with the average 30-year fixed loan rising to 6.49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.
When was this published? This article was first published on June 27, 2026 by FOX 11 Los Angeles (KTTV) and curated for The Los Angeles readers.
Who reported this story? This story was reported by Chris Williams at FOX 11 Los Angeles (KTTV). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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