Mortgage Rates Continue Higher

Published July 24, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 23. The survey showed mortgage rates reaching their highest levels since August 2025.

This week, the 30-year fixed mortgage rate averaged 6.58%, up from last week’s average of 6.55%. Last year at this time, the 30-year fixed mortgage rate averaged 6.74%.

The 15-year fixed mortgage rate averaged 5.96% this week, up from last week’s average of 5.93%. During the same week last year, the 15-year fixed mortgage rate averaged 5.87%.

“The 30-year fixed-rate mortgage averaged 6.58% this week," said chief economist at Freddie Mac, Sam Khater. “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.”

Based on published national averages, the savings rate was 0.38% as of 7/20. The one-year CD averaged 1.68%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.