Category: Mortgages

Mortgage interest rates have ticked up slightly over the past 30 days. As of this week, the average U.S. rate for a 30‑year fixed mortgage is 6.3%, compared with 6.22% a month ago. While most forecasts anticipated a gradual decline continuing through 2026 earlier this year, the likelihood of that decline is now probably no more likely than a likelihood of a small increase.

Relative to the long‑term average of 7.7%, today’s rates still offer meaningful savings, roughly $90 less per month for every $100,000 borrowed. Rates are also lower than they were a year ago. Over the past 12 months, the average monthly payment on a $100,000 30‑year fixed mortgage has dropped by about $30. For a borrower taking out the 2026 maximum conventional loan of $832,750, today’s payment would be approximately $250 lower than it would have been in April 2025.

Mortgage interest rates have edged down only slightly over the past 30 days. As of this week, the average U.S. rate for a 30‑year fixed mortgage is 6.22%, compared with 6.24% a month ago. Some borrowers have even reported securing rates below 6% through online lenders. While most forecasts anticipate a gradual decline continuing through 2026, it remains uncertain whether the market has already priced in the expected Federal Reserve rate cuts.