The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

Current mortgage rates are down and lower than they were seven days ago and 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.

Mortgage rates moved up this week, with the 30-year fixed rate averaging 6.78 percent, compared to 6.72 percent the previous week, according to Bankrate’s latest lender survey.

The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.

Mortgage rates turned upward this week after falling the previous five weeks in a row.The 30-year fixed-rate mortgage averaged 6.78% APR, up four basis points from the previous week's average,

What’s keeping mortgage rates elevated this year? Concerns about persistent inflation, threats of a global trade war and policy turbulence have created an uncertain economic out