30-Year Mortgage Rates Rise to 6.66%, Up from Last Week
Event summary
- The 30-year fixed-rate mortgage (FRM) averaged 6.66% as of July 30, 2026, up from 6.58% the previous week.
- A year ago, the 30-year FRM averaged 6.72%, indicating a slight decrease over the past year.
- The 15-year FRM averaged 6.04%, up from 5.96% last week and 5.85% a year ago.
- Freddie Mac's Chief Economist Sam Khater noted increased housing inventory supporting buyer activity amid fluctuating mortgage rates.
The big picture
The rise in mortgage rates reflects ongoing volatility in the housing market, where increased inventory is providing more options for buyers. This dynamic suggests a delicate balance between affordability and demand as rates continue to fluctuate. Freddie Mac's role in promoting liquidity and stability in the housing market remains critical amid these shifts.
What we're watching
- Rate Volatility
- How sustained rate fluctuations will impact homebuyer demand and market stability.
- Inventory Dynamics
- Whether increased housing inventory can offset higher mortgage rates to maintain buyer activity.
- Economic Indicators
- The pace at which broader economic conditions influence long-term mortgage rate trends.
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