The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

Current mortgage rates are down, but higher than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

The average 30-year fixed mortgage interest rate is 6.75% today, up 0.04% from seven days ago. The average rate for a 15-year fixed mortgage is 6.00%, which is an increase of 0.06% compared to a week ago. To secure a lower mortgage interest rate, consider increasing your down payment, improving your credit score or purchasing mortgage points.