US 30-Year Mortgage Rate Slightly Up

2026-07-08 11:15 By Joana Ferreira 1 min. read

The average US 30-year fixed mortgage rate for loans up to $806,500 increased to 6.58% in the week ending July 3, 2026, up from 6.57% the previous week and remaining near the nine-month highs seen in May, according to the Mortgage Bankers Association.

This rise follows a recent uptick in US Treasury yields, driven by persistent inflation concerns and growing bets that the Federal Reserve will hike interest rates this year, despite signs of a gradually cooling labor market and Fed Chair Kevin Warsh’s remarks that there is no urgency to raise rates.

Total mortgage applications declined by 2.2%, after remaining flat the prior week, with refinance activity dropping 4.1% and purchase applications falling 0.6%.



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US 30-Year Mortgage Rate Slightly Up
The average US 30-year fixed mortgage rate for loans up to $806,500 increased to 6.58% in the week ending July 3, 2026, up from 6.57% the previous week and remaining near the nine-month highs seen in May, according to the Mortgage Bankers Association. This rise follows a recent uptick in US Treasury yields, driven by persistent inflation concerns and growing bets that the Federal Reserve will hike interest rates this year, despite signs of a gradually cooling labor market and Fed Chair Kevin Warsh’s remarks that there is no urgency to raise rates. Total mortgage applications declined by 2.2%, after remaining flat the prior week, with refinance activity dropping 4.1% and purchase applications falling 0.6%.
2026-07-08
US 30-Year Mortgage Rate Dips for a 2nd Week
The average US 30-year fixed mortgage rate for loans up to $806,500 fell to 6.57% in the week ended June 26, 2026, marking the lowest level in a month and the second straight weekly decline, per the Mortgage Bankers Association. Still, mortgage rates remained high even as long-term Treasury yields fell due to lower energy prices, though hawkish FOMC outlooks limited any surge in credit market activity. Total mortgage applications held steady after a 1% gain the prior week, with purchase apps up 0.5% and refinance activity down 0.7%.
2026-07-01
US Mortgage Rates Edge Down
The average interest rate on 30-year fixed-rate mortgages for conforming loan balances of $806,500 or less in the US edged down by 1 basis point to 6.59% in the week ended June 19, 2026, from 6.60% in the previous week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Despite the slight decline, borrowing costs remained close to their highest levels since August last year. Meanwhile, total mortgage applications increased 1%, rebounding from a 3.8% decline in the prior week. Refinancing activity rose 3%, while applications for home purchases slipped 0.6%.
2026-06-24