The average rate on a 30-year fixed mortgage edged up to 6.49% as of July 9, 2026, from 6.43% the previous week. "Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today's market," said Sam Khater, Freddie Mac's Chief Economist. Meanwhile, minutes from the FOMC's June meeting showed that only a few policymakers favored a rate hike, although officials expressed growing concern about inflationary pressures.
Markets continue to price in at least one Federal Reserve rate hike by the end of 2026.