FX.co ★ US Mortgage Rates Rise for 1st Time in 3 Weeks: MBA

In the week ending July 11th, 2025, the average interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $806,500) in the United States increased by 5 basis points, reaching 6.82%. This marks a rise from the previous period's rate of 6.77%, which was the lowest in three months, as reported by the Mortgage Bankers Association. Joel Kan, MBA’s vice president and deputy chief economist, noted that, "Despite an intra-week decline, Treasury yields ended the week higher on average, influenced in part by escalating concerns over the economic impact of tariffs. Consequently, mortgage rates increased following a two-week decline, leading to reduced application activity." This current rate contrasts with a 6.87% rate recorded a year prior.