The average 30-year fixed rate increased from 6.49% a week earlier to its highest level since late August 2025, extending pressure on U.S. homebuyers.
U.S. mortgage borrowing costs moved higher again, with Freddie Mac reporting the average 30-year fixed mortgage rate at 6.55% for the week of July 16, up from 6.49% the prior week. The increase pushed the benchmark home-loan rate to its highest level since late August 2025, underscoring continued strain for homebuyers as elevated financing costs weigh on affordability.