Average 30-year fixed mortgage rate falls 2 basis points to 6.42%, while shorter-term rates rise modestly on July 14, 2026.
The average 30-year fixed mortgage rate declined 2 basis points to 6.42% on Tuesday, following a mixed trend in lending costs. Shorter-term loans saw modest increases, with the 15-year fixed rate rising 10 basis points to 5.92% and the 5/1 adjustable-rate mortgage climbing 14 basis points to 6.57%.
Refinance rates remained slightly higher than purchase rates, with the 30-year fixed refinance rate at 6.45%. The 15-year fixed refinance rate stood at 5.91%, while VA loan rates ranged from 5.44% to 5.94%. These figures reflect national averages and are subject to regional variations.
The shifts come amid broader market expectations for interest rate stability, though lenders continue adjusting terms based on bond yields and economic indicators. No immediate market reaction was reported in response to the rate changes.