Mortgage Rates Hover in Mid-Six Percent Range

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey that the 30-year fixed-rate mortgage averaged 6.49% as of July 9, 2026, up from 6.43% a week earlier and down from 6.72% a year ago.

The 15-year fixed-rate mortgage averaged 5.82%, up from 5.79% last week and slightly below 5.86% a year prior. The survey covers conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MCLEAN, Va., July 09, 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 6.49%.

“The 30-year fixed-rate mortgage averaged 6.49% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today’s market.”

News Facts

• The 30-year FRM averaged 6.49% as of July 9, 2026, up from last week when it averaged 6.43%. A year ago at this time, the 30-year FRM averaged 6.72%.
• The 15-year FRM averaged 5.82%, up from last week when it averaged 5.79%. A year ago at this time, the 15-year FRM averaged 5.86%.
  
  

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/6b3d718a-5b4d-4237-b2a7-8e2dd4a98699

 

FAQ

What is the average 30-year fixed mortgage rate in the July 9, 2026 Freddie Mac (FMCC) survey?

The average 30-year fixed-rate mortgage was 6.49% for the week of July 9, 2026. According to Freddie Mac, this compares with 6.43% the prior week and 6.72% at the same time one year earlier.

How did the 15-year fixed mortgage rate change in Freddie Mac (FMCC)'s July 9, 2026 PMMS report?

The average 15-year fixed-rate mortgage rose to 5.82% in the latest survey week. According to Freddie Mac, this is up from 5.79% last week and slightly below the 5.86% average recorded one year ago.

How do July 9, 2026 mortgage rates from Freddie Mac (FMCC) compare with last year?

Both 30-year and 15-year fixed mortgage rates are lower than a year ago. According to Freddie Mac, the 30-year fell from 6.72% to 6.49%, while the 15-year declined from 5.86% to 5.82% over the same period.

What types of loans are included in Freddie Mac (FMCC)'s Primary Mortgage Market Survey rates?

The reported mortgage rates cover conventional, conforming, fully amortizing home purchase loans. According to Freddie Mac, these PMMS averages reflect borrowers with excellent credit who make a 20% down payment on their homes.

What did Freddie Mac (FMCC) say about economic growth and housing affordability with July 2026 mortgage rates?

Freddie Mac’s chief economist noted that mortgage rates have not changed much recently. According to Freddie Mac, economic growth and housing affordability continue to improve for homebuyers as they shop for homes in the current market.