US 30-Year Mortgage Rate Inches Higher

2026-07-16 16:41 By Larissa Caser 1 min. read

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.



News Stream
US 30-Year Mortgage Rate Inches Higher
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.
2026-07-16
US Mortgage Rates Tick Up
The average rate on a 30-year fixed mortgage edged up to 6.49% as of July 9, 2026, from 6.43% the previous week. "Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today's market," said Sam Khater, Freddie Mac's Chief Economist. Meanwhile, minutes from the FOMC's June meeting showed that only a few policymakers favored a rate hike, although officials expressed growing concern about inflationary pressures. Markets continue to price in at least one Federal Reserve rate hike by the end of 2026.
2026-07-09
US 30-Year Mortgage Rate Ticks Higher
The average rate on a 30-year fixed-mortgage inched higher by 2bps to 6.49% on the week to June 25th, 2026, according to data compiled by Freddie Mac. The result was in line with some elevated yields for longer maturity Treasury bonds at the start of the week, when the hawkish projections by FOMC members drove the market to position for rate hikes by the Fed this year. “Rates have remained relatively stable over the last six weeks." said Sam Khater, Freddie Mac’s Chief Economist. "Meanwhile, purchase activity eased modestly and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels.”
2026-06-25