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.
