FX.co ★ US 30-Year Mortgage Rate Slightly Up

The average US 30-year fixed mortgage rate for loans up to $806,500 rose to 6.58% in the week ending July 3, 2026, up slightly from 6.57% the previous week and holding near the nine-month highs reached in May, according to the Mortgage Bankers Association. The increase tracked a recent climb in US Treasury yields, reflecting persistent inflation concerns and mounting expectations that the Federal Reserve will raise interest rates later this year, despite evidence of a gradually cooling labor market and Fed Chair Kevin Warsh’s comments that there is no urgency to tighten policy. Total mortgage applications fell 2.2% after being unchanged the previous week, with refinance applications down 4.1% and purchase applications slipping 0.6%.