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Mortgage Rates Rise for Third Straight Week

The 30-year fixed rate mortgage averaged 6.58% as of July 23, up from last week when it averaged 6.55%.

By Phil HallJuly 23, 2026

Miniature wooden houses and red arrow up. The concept of increasing the cost of housing. High demand for real estate. The growth of rent and mortgage rates. Sale of apartments. Population grows

Mortgage rates inched up for the third straight week in the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).

The 30-year fixed rate mortgage averaged 6.58% as of July 23, up from last week when it averaged 6.55%. A year ago at this time, it averaged 6.74%.

The 15-year fixed-rate mortgage averaged 5.96%, up from last week when it averaged 5.93%. A year ago at this time, it averaged 5.87%.

Sam Khater, Freddie Mac’s chief economist, opined, “As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate can make a meaningful difference, potentially saving them thousands over the loan’s lifetime.”