Current Mortgage Rates
Freddie Mac's Primary Mortgage Market Survey (PMMS) provides a consistent weekly benchmark for U.S. mortgage rates. The figures below are national averages for the week of July 9, 2026.
Current Freddie Mac weekly averages
6.49%
5.82%
Source: Freddie Mac Primary Mortgage Market Survey via FRED. PMMS is a market benchmark; the published rate is not the same thing as APR, which also reflects certain loan costs.
Recent mortgage-rate history
Weekly averages can move in either direction, and a single week's change does not predict where rates will go next. This table shows the latest 12 observations stored for the two fixed-rate series.
| Week | 30-year fixed | 15-year fixed |
|---|---|---|
| July 9, 2026 | 6.49% | 5.82% |
| July 2, 2026 | 6.43% | 5.79% |
| June 25, 2026 | 6.49% | 5.84% |
| June 18, 2026 | 6.47% | 5.81% |
| June 11, 2026 | 6.52% | 5.84% |
| June 4, 2026 | 6.48% | 5.79% |
| May 28, 2026 | 6.53% | 5.87% |
| May 21, 2026 | 6.51% | 5.85% |
| May 14, 2026 | 6.36% | 5.71% |
| May 7, 2026 | 6.37% | 5.72% |
| April 30, 2026 | 6.30% | 5.64% |
| April 23, 2026 | 6.23% | 5.58% |
What the Freddie Mac average represents
PMMS is designed to measure the national mortgage market consistently. It focuses on conventional, conforming home-purchase mortgages and reports weekly averages rather than the exact terms available to every borrower. It is useful for market context and for comparing broad trends over time.
It is not a promise that a lender will approve a loan at the displayed rate. It also should not be used as a substitute for a Loan Estimate, where a lender discloses the rate, APR, projected payments, closing costs, and other terms for a specific loan.
Why your mortgage quote may be different
Lenders price each application using details that a national average cannot capture, including:
- credit score and credit history;
- down payment, loan-to-value ratio, and loan amount;
- income, debt-to-income ratio, and documentation;
- loan purpose, term, program, occupancy, and property type;
- discount points, lender credits, and other fees;
- the lender, location, and time at which the rate is locked.
For a meaningful comparison, request Loan Estimates from multiple lenders on the same day using the same loan amount, term, rate-lock period, and points. Compare both the interest rate and APR, then review cash to close and the projected payment.
Turn a benchmark rate into a payment estimate
Use our calculator to test a home price, down payment, term, taxes, insurance, mortgage insurance, and HOA dues. Replace the benchmark with a lender's actual quote when you have one.
Estimate a mortgage paymentData and calculation notes
Read the calculator methodology and test examples for the formulas used on this site. The sources and formula changelog records the data series, update process, and material calculation changes.
