Average 30-year fixed mortgage rates fall 4 basis points to 6.36%, with declines seen in most loan types.
Average US mortgage rates declined on July 7, 2026, with the 30-year fixed rate dropping 4 basis points to 6.36%. The 15-year fixed rate fell 3 basis points to 5.83%, while the 5/1 adjustable-rate mortgage decreased 21 basis points to 6.31%.
National averages for other loan types also showed modest declines, including 20-year fixed rates at 6.24% and 30-year VA loans at 5.76%. Refinance rates followed a similar trend, with the 30-year fixed refinance rate at 6.38%.
The declines reflect broader trends in bond markets, though rates remain elevated compared to early 2026 levels. Lenders adjust rates daily based on economic data and investor demand for mortgage-backed securities.