Mortgage Rates Average 6.58%

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey® that the U.S. average 30-year fixed-rate mortgage (FRM) was 6.58% as of July 23, 2026, up from 6.55% a week earlier and down from 6.74% a year ago.

The 15-year FRM averaged 5.96%, compared with 5.93% last week and 5.87% a year earlier. According to Freddie Mac, PMMS® tracks conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit.

News Market Reaction – FMCC

-4.83%

-4.83% Session close to close

In the Jul 23 session, FMCC declined 4.83%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MCLEAN, Va., July 23, 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 6.58%.

"The 30-year fixed-rate mortgage averaged 6.58% this week," said Sam Khater, Freddie Mac's Chief Economist. "As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate can make a meaningful difference, potentially saving them thousands over the loan’s lifetime."

News Facts

• The 30-year FRM averaged 6.58% as of July 23, 2026, up from last week when it averaged 6.55%. A year ago at this time, the 30-year FRM averaged 6.74%.
• The 15-year FRM averaged 5.96%, up from last week when it averaged 5.93%. A year ago at this time, the 15-year FRM averaged 5.87%.
  
  

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c99da05-8d43-49e9-ac2d-3e659c292391

FAQ

What is the average 30-year mortgage rate reported by Freddie Mac (FMCC) on July 23, 2026?

The average 30-year fixed-rate mortgage was 6.58% as of July 23, 2026. According to Freddie Mac, this is slightly higher than 6.55% the prior week and lower than 6.74% one year earlier.

How did the 30-year mortgage rate change week over week in Freddie Mac’s July 23, 2026 PMMS for FMCC?

The 30-year fixed-rate mortgage rose to 6.58% from 6.55% the previous week. According to Freddie Mac, this small increase reflects evolving market conditions captured in the Primary Mortgage Market Survey® methodology.

How do July 23, 2026 mortgage rates from Freddie Mac (FMCC) compare to last year?

On July 23, 2026, the 30-year FRM averaged 6.58%, versus 6.74% a year earlier. According to Freddie Mac, the 15-year FRM was 5.96% compared with 5.87% at the same time last year.

What is the average 15-year fixed mortgage rate in Freddie Mac’s July 23, 2026 survey for FMCC?

The 15-year fixed-rate mortgage averaged 5.96% as of July 23, 2026. According to Freddie Mac, this was up slightly from 5.93% the prior week and compared with 5.87% one year earlier.

What loans are included in Freddie Mac’s Primary Mortgage Market Survey (PMMS) reported by FMCC?

The PMMS® covers conventional, conforming, fully amortizing home purchase loans. According to Freddie Mac, surveyed borrowers put 20% down and have excellent credit, providing a benchmark for prime mortgage pricing trends.

Can shopping around help borrowers given Freddie Mac’s 6.58% average 30-year mortgage rate?

Yes, Freddie Mac notes that shopping for mortgage rates can meaningfully reduce borrowing costs. According to Freddie Mac’s chief economist, comparing offers may save borrowers thousands of dollars over a loan’s lifetime, even when average rates are stable.