The average rate on a 30-year fixed mortgage inched higher by 6bps to 6.55% as of July 16, 2026, from 6.49% the previous week, marking the third consecutive week with increases, according to data compiled by Freddie Mac. “Purchase application demand has weakened recently", said Sam Khater, Freddie Mac’s Chief Economist. "Although housing affordability is more favorable and housing inventory continues to rise, thus the backdrop for prospective homebuyers is modestly improving.” Contracts to buy existing US homes fell in June as elevated mortgage rates continued to weigh on buyer demand, remaining above levels seen at the start of the year. Meanwhile, minutes from the FOMC's June meeting showed that only a few policymakers favored a rate hike, although renewed hostilities in the Middle East could reinforce inflationary concerns. Markets continue to price in at least one Federal Reserve rate hike by the end of 2026. source: Freddie Mac
30 Year Mortgage Rate in the United States increased to 6.55 percent in July 16 from 6.49 percent in the previous week. 30 Year Mortgage Rate in the United States averaged 7.68 percent from 1971 until 2026, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate. United States 30-Year Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.