US 30-Year Mortgage Rate Rebounds

2025-07-10 16:06 By Felipe Alarcon 1 min. read

The average rate on a 30-year fixed mortgage backed by Freddie Mac rose by 5 bps from the previous week 6.72% as of July 10th, rebounding from its lowest since April of 6.67% sen last week.

“After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report.

Despite ongoing affordability challenges in the housing market, home purchase and refinance applications are responding to the downward trajectory in rates, increasing by 25% and 56%, respectively, compared to the same time last year,” said Sam Khater, Freddie Mac’s chief economist.



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