Mortgage rates are up, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.81%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.

The numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of inflation rose 0.3% from May to June, and was up 2.7% compared to June 2024. In other words, if it feels like everyday goods cost more, it's because many of them do.