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"Unless the Lord builds the house, those who build it labor in vain." – Psalm 127:1

Mortgage Rates Rise

Published July 10, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 9. The survey showed mortgage rates edging higher.

This week, the 30-year fixed mortgage rate averaged 6.49%, up from last week’s average of 6.43%. Last year at this time, the 30-year fixed mortgage rate averaged 6.72%.

The 15-year fixed mortgage rate averaged 5.82% this week, up from last week’s average of 5.79%. During the same week last year, the 15-year fixed mortgage rate averaged 5.86%.

“The 30-year fixed-rate mortgage averaged 6.49% this week,” said chief economist at Freddie Mac, Sam Khater. “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."

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