Freddie Mac (OTCQB: FMCC) reported lower U.S. mortgage rates in its latest Primary Mortgage Market Survey®. The 30-year fixed-rate mortgage averaged 6.43% as of July 2, 2026, down from 6.49% a week earlier and 6.67% a year ago.
The 15-year fixed-rate mortgage averaged 5.79%, compared with 5.84% last week and 5.80% a year earlier. According to Freddie Mac, rates are at a seven-week low as purchase demand edges higher. The PMMS covers conventional, conforming loans with 20% down and excellent credit.
MCLEAN, Va., July 02, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.43%.
“The 30-year fixed-rate mortgage eased slightly this week averaging 6.43%” said Sam Khater, Freddie Mac’s Chief Economist. “With rates at a seven-week low and purchase demand continuing to edge higher, it's an encouraging sign as prospective homebuyers respond to modest improvements in affordability.”
News Facts
The 30-year FRM averaged 6.43% as of July 2, 2026, down from last week when it averaged 6.49%. A year ago at this time, the 30-year FRM averaged 6.67%.
The 15-year FRM averaged 5.79%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.80%.
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Mollie Laniado (571) 382-1784 Mollie_Laniado@FreddieMac.com
What are the latest Freddie Mac (FMCC) 30-year mortgage rates as of July 2, 2026?
As of July 2, 2026, the Freddie Mac Primary Mortgage Market Survey® shows the 30-year fixed-rate mortgage averaging 6.43%. According to Freddie Mac, this is down from 6.49% the previous week and 6.67% at the same time a year earlier.
How did the 15-year fixed mortgage rate from Freddie Mac (FMCC) change this week?
Freddie Mac reports the 15-year fixed-rate mortgage averaged 5.79% for the week of July 2, 2026. According to Freddie Mac, this compares with 5.84% last week and 5.80% a year ago, indicating a small week-over-week decline in the shorter-term rate.
Are mortgage rates in the Freddie Mac (FMCC) survey at a recent low in July 2026?
According to Freddie Mac, the 30-year fixed-rate mortgage is at a seven-week low, averaging 6.43% on July 2, 2026. The company notes purchase demand is edging higher as borrowers respond to these modest improvements in affordability within the housing market.
What does the July 2, 2026 Freddie Mac (FMCC) mortgage rate update mean for homebuyers?
Freddie Mac indicates slightly lower mortgage rates, with the 30-year fixed averaging 6.43% and the 15-year at 5.79%. According to Freddie Mac, easing rates and a seven-week low are encouraging signs as prospective homebuyers react to modestly better affordability conditions.
What type of loans are included in Freddie Mac’s (FMCC) Primary Mortgage Market Survey?
Freddie Mac’s Primary Mortgage Market Survey® focuses on conventional, conforming, fully amortizing home purchase loans. According to Freddie Mac, these surveyed loans assume borrowers make a 20% down payment and have excellent credit profiles, providing a benchmark for prime mortgage pricing.
How do current Freddie Mac (FMCC) mortgage rates compare with last year’s levels?
As of July 2, 2026, the 30-year fixed-rate mortgage averages 6.43%, versus 6.67% a year earlier. According to Freddie Mac, the 15-year fixed rate is 5.79%, compared with 5.80% at the same time last year, showing minimal year-over-year change on that term.
