Mortgage Rates Decline Slightly

Published July 3, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 2. The survey showed mortgage rates edging down but still hovering near 6.5%.

This week, the 30-year fixed mortgage rate averaged 6.43%, down from last week’s average of 6.49%. Last year at this time, the 30-year fixed mortgage rate averaged 6.67%.

The 15-year fixed mortgage rate averaged 5.79% this week, down from last week’s average of 5.84%. During the same week last year, the 15-year fixed mortgage rate averaged 5.80%.

“The 30-year fixed-rate mortgage eased slightly this week averaging 6.43%,” said chief economist at Freddie Mac, Sam Khater. “With rates at a seven-week low and purchase demand continuing to edge higher, it is an encouraging sign as prospective homebuyers respond to modest improvements in affordability."

Based on published national averages, the savings rate was 0.38% as of 6/15. The one-year CD averaged 1.65%.