Mortgage rates can move because of inflation expectations, bond-market activity, Federal Reserve policy expectations, lender capacity, housing demand, and broader economic news.
Mortgage rates are not the Fed funds rate
The Federal Reserve can influence the rate environment, but 30-year mortgage rates often react to longer-term bond-market expectations, inflation expectations, and lender pricing.
Your personal rate can be different
Rates shown on this site are national averages. Your actual rate can differ based on your credit profile, down payment, loan amount, points, property type, occupancy, and lender pricing.
30-Year Fixed: 6.58% as of July 23, 2026. Showing about 120 months of weekly FRED observations.
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