FX.co ★ US 30Y Mortgage Rate at 3-Month Low: MBA

In the week ending July 4, the average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) in the United States decreased by 2 basis points to 6.77%, as reported by the Mortgage Bankers Association. This represents the lowest rate seen in three months and a decrease from 7.0% recorded at the same period last year. The reduction in mortgage rates reflects a similar decline in Treasury yields, as market expectations mount for at least two quarter-point rate cuts by the Federal Reserve later this year, due to persistent trade uncertainty.