The average 30-year fixed mortgage rate in the US hit 6.66% for the week ending July 30, 2026, according to Freddie Mac’s Primary Mortgage Market Survey. That’s up from 6.58% the prior week and marks the highest level since August 2025.
The numbers paint a consistent picture
Freddie Mac’s 6.66% reading wasn’t an outlier. The Mortgage Bankers Association pegged rates even higher, at 6.76% for the week ending July 24, 2026. Both figures represent the steepest borrowing costs homebuyers have faced in roughly a year.
Mortgage rates have hovered in the mid-to-upper 6% range for most of 2026. That follows a brief dip from peaks seen in 2025, which gave some buyers a window of slightly cheaper financing.
The culprits are familiar ones: rising Treasury yields and inflation that refuses to fully cooperate. Energy prices, in particular, have been a persistent thorn in the Fed’s side, keeping the broader inflation picture muddier than policymakers would like.
