The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

Current mortgage rates are down, but higher than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

Yesterday's inflation data show early signs of tariff-induced price growth. Here's what that means for prospective homebuyers.