Freddie Mac (OTCQB: FMCC) reported that in its latest Primary Mortgage Market Survey® for the week of July 16, 2026, the 30-year fixed-rate mortgage averaged 6.55%, up from 6.49% a week earlier and down from 6.75% a year ago. The 15-year fixed-rate mortgage averaged 5.93%, compared with 5.82% last week and 5.92% a year earlier. The PMMS® reflects conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit.
MCLEAN, Va., July 16, 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 6.55%.
“The 30-year fixed-rate mortgage averaged 6.55% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Purchase application demand has weakened recently, but housing affordability is more favorable and housing inventory continues to rise, thus the backdrop for prospective homebuyers is modestly improving.”
News Facts
The 30-year FRM averaged 6.55% as of July 16, 2026, up from last week when it averaged 6.49%. A year ago at this time, the 30-year FRM averaged 6.75%.
The 15-year FRM averaged 5.93%, up from last week when it averaged 5.82%. A year ago at this time, the 15-year FRM averaged 5.92%.
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.
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What is the latest 30-year mortgage rate reported by Freddie Mac (FMCC) on July 16, 2026?
The 30-year fixed-rate mortgage averaged 6.55% for the week of July 16, 2026. According to Freddie Mac, this is up from 6.49% the previous week and lower than 6.75% recorded at the same time one year earlier.
How did the 15-year fixed mortgage rate change in Freddie Mac’s July 16, 2026 PMMS for FMCC?
The 15-year fixed-rate mortgage averaged 5.93% for the week of July 16, 2026. According to Freddie Mac, this increased from 5.82% a week earlier and was slightly above the 5.92% average reported at the same point one year ago.
How do current FMCC 30-year mortgage rates compare with last year’s rates?
The 30-year fixed-rate mortgage is now 6.55%, compared with 6.75% one year ago. According to Freddie Mac, this means the current weekly average is 0.20 percentage points lower than the same week last year, despite a small week-over-week increase.
What loan types are included in Freddie Mac’s Primary Mortgage Market Survey (PMMS) for FMCC?
The PMMS tracks conventional, conforming, fully amortizing home purchase loans. According to Freddie Mac, the survey focuses on borrowers who make a 20% down payment and have excellent credit, providing a standardized view of prevailing mortgage rate averages.
What does Freddie Mac say about housing affordability and inventory in July 2026?
Freddie Mac reports that housing affordability is currently more favorable while housing inventory continues to rise. According to Freddie Mac’s chief economist, purchase application demand has weakened, but these conditions mean the backdrop for prospective homebuyers is modestly improving despite higher mortgage rates.
