Mortgage Rates Rise Again

Published July 18, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 17. The survey showed mortgage rates rising for the second week in a row.

This week, the 30-year fixed mortgage rate averaged 6.75%, up from last week’s average of 6.72%. Last year at this time, the 30-year fixed mortgage rate averaged 6.77%.

The 15-year fixed mortgage rate averaged 5.92% this week, up from last week’s average of 5.86%. During the same week last year, the 15-year fixed mortgage rate averaged 6.05%.

“The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%,” said chief economist at Freddie Mac, Sam Khater. “While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act.”

Based on published national averages, the savings rate was 0.38% as of 6/16. The one-year CD averaged 1.62%.

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