The average rate on a 30-year fixed mortgage in the US inched up to 6.58% as of July 23, 2026, from 6.55% a week earlier, marking the fourth consecutive weekly increase, according to Freddie Mac. "As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate can make a meaningful difference, potentially saving them thousands over the life of the loan," said Sam Khater, Freddie Mac's Chief Economist. A year earlier, the 30-year fixed-rate mortgage averaged 6.74%. Meanwhile, the average rate on a 15-year fixed mortgage rose to 5.96%, up slightly from 5.93% the previous week.