U.S. Average 30-Year Mortgage Rates Rise to 6.76% July 2025

Mortgage rates in the U.S. remain elevated and relatively steady, with the 30-year fixed-rate mortgage averaging around 6.76% and the 15-year fixed rate near 5.97%, reflecting slight increases from previous weeks. These rates are influenced by economic factors including Federal Reserve policies, inflation, labor market conditions, and Treasury bond yields, with the Fed expected to potentially lower rates later in 2025 amid ongoing market volatility. Housing markets show regional variability, with some Sun Belt metros experiencing increased inventory and more buyer-friendly conditions, while Northeast and Midwest areas remain seller-leaning due to tighter supply. Despite expectations of eventual rate relief, high home prices and other ownership costs continue to challenge affordability, and experts advise prospective buyers to shop around and prepare to act quickly when rates decline. Mortgage rates are also affected by individual borrower profiles, with credit scores, loan terms, and down payments playing roles in the rates offered. Overall, the housing market is stabilizing rather than accelerating, with moderate growth in inventory and new listings signaling a balanced outlook amid economic uncertainty.