Mortgage rates today July 29 2026: 30-year fixed averages 6.75% and refinance 6.80%—see live FRED data, daily changes, and what it means for buyers.
As of Wednesday, July 29, 2026, the national average 30-year fixed mortgage rate stands at 6.75%. The corresponding 30-year fixed refinance rate is 6.80%. These figures come from the latest lender surveys and are updated daily.
FRED data released July 23, 2026 show the 30-year fixed at 6.58% and the 15-year fixed at 5.96%. The 10-year Treasury yield closed at 4.65%, producing a 1.93-point spread over the 30-year mortgage. Mortgage News Daily’s July 28 update places the 30-year fixed slightly higher at 6.76%, down 4 basis points from the prior session.
| Term | Rate | Daily Change | 52-Week Low | 52-Week High |
|---|---|---|---|---|
| 30-Year Fixed | 6.76% | –0.04% | 5.99% | 6.85% |
| 15-Year Fixed | 6.31% | –0.02% | — | — |
Borrowers looking to refinance face a 30-year fixed refinance average of 6.80% and a 15-year fixed refinance average of 6.17%. The 5/1 ARM refinance sits at 6.61%. All rates are national averages and can vary by credit score, loan-to-value, and lender.
Freddie Mac’s Primary Mortgage Market Survey for the week ending July 23 reported the 30-year fixed at 6.58%, up three basis points from the previous week but 16 basis points below the 6.74% recorded one year earlier. The 15-year fixed averaged 5.96%, three basis points higher week-over-week.
Rate sheets released July 28 show the 30-year fixed ranging from 6.63% in Texas to 6.89% in New York, a 26-basis-point spread driven by average credit profiles and property values. California posted 6.81% while Florida came in at 6.72%. These differences underscore the importance of obtaining multiple lender quotes.
The 10-year Treasury yield remains the primary benchmark. Additional influences include the Federal Reserve’s balance-sheet policy, inflation prints, and housing-supply data from the National Association of Realtors. When bond yields rise, mortgage rates typically follow; when supply increases, price growth moderates and can ease rate pressure.
Lock timing, points, and credit improvement all affect the final rate. Running live scenarios at HomeRates.ai allows users to model different down payments, credit tiers, and term lengths against current pricing. Comparing Loan Estimates side-by-side remains the most reliable way to identify the lowest total cost.
Mortgage rates today sit near the middle of the 2026 range. With the 30-year fixed at 6.75% and refinance at 6.80%, locking or floating decisions should hinge on personal finances rather than attempts to time the market.
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