Back
U.S. 30-year mortgage rate rises to 6.66%, highest in a year

U.S. 30-year mortgage rate rises to 6.66%, highest in a year

Freddie Mac said the benchmark home loan rate climbed for a fourth straight week, while rising housing inventory continued to give buyers more options and support demand.

Fact Check
The Freddie Mac PMMS primary source confirms the 30-year fixed-rate mortgage at 6.66% as of July 30, 2026, up from 6.58% the prior week. Trading Economics confirms this is the fourth consecutive weekly increase and quotes Freddie Mac's chief economist on rising housing inventory supporting demand. AP-syndicated coverage (WTOP) independently corroborates the 6.66% figure and the 'highest in a year' framing. All key elements of the claim — the 6.66% rate, fourth straight week of increases, one-year high, and inventory/demand commentary — are supported by authoritative sources.
    Reference: 123
Summary

The average U.S. 30-year fixed mortgage rate rose to 6.66% as of July 30, 2026, from 6.58% a week earlier, marking a fourth consecutive weekly increase and matching its highest level in a year. A year earlier, the rate stood at 6.72%. Freddie Mac Chief Economist Sam Khater said the housing market continues to benefit from rising inventory levels, which are giving prospective homebuyers more options and helping support demand despite fluctuating borrowing costs. The average rate on a 15-year fixed mortgage also increased, climbing to 6.04% from 5.96% the previous week.

Terms & Concepts
  • 30-year fixed mortgage rate: The interest rate on a home loan that stays unchanged for 30 years.
  • 15-year fixed mortgage: A home loan with an interest rate locked in for 15 years.