U.S. 30-year fixed-rate mortgage (FRM) averaged 6.74% as of July 24, 2025, down slightly from last week when it averaged 6.75%. A year ago at this time, the 30-year FRM averaged 6.78%, according to Freddie Mac.
The 15-year FRM averaged 5.87%, down from last week when it averaged 5.92%. A year ago at this time, the 15-year FRM averaged 6.07%.
“This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%,” said Sam Khater, Freddie Mac’s Chief Economist. “Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.”
