MCCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage edged up this week, ending a five-week decline in borrowing costs for homebuyers. The long-term rate ticked up to 6.72% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.89%.

The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.

Today’s mortgage rates: 30-year fixed at 6.625%, 15-year at 5.75%. Explore trends and what buyers should know now.

Long-term mortgage rates in the U.S. rose slightly in the past week after five consecutive weeks of declines, according to the Freddie Mac primary Mortgage Survey published Thursday.

The average rate on a 30-year mortgage rose to 6.72%, according to Freddie Mac, ending a five-week slide. MCCLEAN, Va. — The average rate on a 30-year mortgage rose to 6.72%, according to Freddie Mac, ending a five-week slide.

Assuming a 3.5% down payment and excluding tax and insurance, the typical payment at today’s 6.67% mortgage rate on a median-priced $440,000 home is roughly $2,731 per month. Last week, a median-priced home at a 6.77% mortgage rate would have cost homebuyers $2,760 per month—$29 more than what buyers would pay today.

July, with the average 30-year fixed rate standing at 6.625% as of July 9, 2025, according to Zillow Home Loans. Buyers considering a home purchase or refinance should evaluate how rising rates affect affordability and monthly payments.

Loans with longer terms—such as 15- and 30-year mortgages—generally have higher rates. This can help you save a substantial amount of money on interest over the life of the loan.

Declining mortgage interest rates helped boost home loan applications for a second week, as the summer selling season is underway.

Mortgage rates hiked a little on July 5, but weren't too high. Today, the average 30-year fixed mortgage rate increased by one basis point to 6.59%, as per Yahoo Finance.