AI Data Insight
The average rate on the US 30-year fixed mortgage fell to 6.43% at the beginning of the third quarter of 2026 (July 2), down from 6.49% the previous week, marking a new low in nearly seven weeks. This decline was primarily driven by lower long-term Treasury yields and softer energy prices, which led to a slight rebound in homebuying demand. However, experts predict that before the Federal Reserve's policy becomes clear, mortgage rates will continue to fluctuate within the 6.4% to 6.5% range in the short term.