US 30‑Year Mortgage Rate Rises to 6.49% as Costs Remain High

Freddie Mac’s Primary Mortgage Market Survey released on July 9 2026 showed the average 30‑year fixed‑rate mortgage in the United States was 6.49%, up from 6.43% the previous week and down from 6.72% a year earlier. The 15‑year fixed rate rose to 5.82% from 5.79% week‑over‑week, also lower than the 5.86% recorded a year ago.

Chief Economist Sam Khater said, “The 30‑year fixed‑rate mortgage averaged 6.49% this week.” The rate has lingered in the mid‑6% range throughout 2026, well above the record‑low levels seen in 2020‑21. Higher rates add several hundred dollars to monthly mortgage payments, squeezing purchasing power and contributing to a slowdown in home‑sale activity.

Mortgage rates continue to track the 10‑year Treasury yield, which was 4.55% on the day of the report, up from 3.97% before the conflict with Iran began. Analysts note that without a clear macro‑economic catalyst, rates are unlikely to dip below 6.25% soon, prompting buyers to focus on broader affordability factors such as home prices, credit scores and personal budgeting.