30-Year Fixed Mortgage Rate
This is the average rate on a conventional 30-year fixed mortgage — the product most US homebuyers actually use — surveyed weekly by Freddie Mac for well-qualified borrowers. It tracks the 10-year Treasury yield closely, making it the main channel through which Fed policy reaches household budgets and the housing market.
Latest reading
As of July 23, 2026, Mortgage Rate (30Y fixed rate) stands at 6.58% — up from 6.55% the prior reading. Direction matters more than the level: sustained moves up or down reshape affordability faster than buyers can adjust. Sub-5% is historically cheap; above 7% is restrictive by modern standards. Watch the spread to the 10-year Treasury — when it widens, lending is tightening — and note that drops of 0.75-1.0% tend to trigger refinancing waves. Series history runs from 1993 to present.
Sources, methodology & freshnessLast updated 2026-07-24 · Open ↓Close ↑
30Y fixed rate
Next release: Jul 30, 2026
Full history
Methodology & data
Mortgage Rate is sourced from Freddie Mac via the Federal Reserve's FRED service (Freddie Mac via FRED (MORTGAGE30US), weekly). We pull the complete history, chart it on a weekly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-07-24. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the 30-Year Fixed Mortgage Rate?
This is the average rate on a conventional 30-year fixed mortgage — the product most US homebuyers actually use — surveyed weekly by Freddie Mac for well-qualified borrowers. It tracks the 10-year Treasury yield closely, making it the main channel through which Fed policy reaches household budgets and the housing market.
How do you read Mortgage Rate?
Direction matters more than the level: sustained moves up or down reshape affordability faster than buyers can adjust. Sub-5% is historically cheap; above 7% is restrictive by modern standards. Watch the spread to the 10-year Treasury — when it widens, lending is tightening — and note that drops of 0.75-1.0% tend to trigger refinancing waves.
Where does the Mortgage Rate data come from?
Freddie Mac via FRED (MORTGAGE30US), weekly. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/mortgage-rate.csv.
How often is Mortgage Rate updated?
Mortgage Rate is a weekly series from Freddie Mac, refreshed here as soon as a new release posts to FRED.
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