Average 30-year fixed mortgage rates rise 7 basis points to 6.69% as markets await Federal Reserve policy announcement.
Mortgage rates increased across all loan types on July 29, 2026, with the 30-year fixed rate rising 7 basis points to 6.69%. The 15-year fixed rate climbed 9 basis points to 6.07%, while the 5/1 adjustable-rate mortgage jumped 53 basis points to 6.99%.
The moves follow recent trends as investors price in potential Federal Reserve policy shifts. Last week, the 30-year fixed rate averaged 6.62%, while the 15-year rate held at 5.98%. Year-over-year comparisons show rates remain elevated, with the 30-year rate up from 6.41% in late July 2025.
Refinance rates also ticked higher, with the 30-year fixed refinance rate reaching 6.59%, up from 6.52% the prior day. VA loan rates saw similar increases, reflecting broader market sentiment ahead of the Fed’s decision.