US 30-Year Mortgage Rate Edges Up to 6.58%

2026-07-23 16:16 By Isabela Couto 1 min. read

The average rate on a 30-year fixed mortgage in the US edged up to 6.58% as of July 23, 2026, from 6.55% the previous week, marking the third consecutive weekly increase, according to Freddie Mac.

"As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate can make a meaningful difference, potentially saving them thousands over the loan's lifetime," said Sam Khater, Freddie Mac's Chief Economist.

A year earlier, the 30-year fixed-rate mortgage averaged 6.74%.

Meanwhile, the average rate on a 15-year fixed mortgage rose to 5.96% from 5.93% the previous week.



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