The average US 30-year fixed mortgage rate for loans up to $806,500 fell to 6.57% in the week ended June 26, 2026, marking the lowest level in a month and the second straight weekly decline, per the Mortgage Bankers Association.
Still, mortgage rates remained high even as long-term Treasury yields fell due to lower energy prices, though hawkish FOMC outlooks limited any surge in credit market activity.
Total mortgage applications held steady after a 1% gain the prior week, with purchase apps up 0.5% and refinance activity down 0.7%.