30-Year Fixed mortgage rates
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
The 30-year fixed is the default American mortgage: the rate never changes and the long term keeps the monthly payment affordable.
Roughly nine in ten purchase borrowers choose it. The trade-off is total interest — at current rates you repay close to twice the amount borrowed over the full term — but there is no prepayment penalty on a conforming loan, so you can add principal whenever cash allows and shorten it yourself.
Because every lender offers this product, it is the one where shopping pays off most. The gap between the cheapest and priciest quote for the same borrower routinely exceeds a quarter point, which is real money over 360 payments.
30-Year Fixed rate FAQ
What is the current 30-year fixed rate?
As of July 9, 2026, the national average 30-year fixed rate is about 6.49%. On a $400,000 loan that works out to roughly $2,526 a month in principal and interest over 30 years.
Averages assume a well-qualified borrower — your quote depends on credit, down payment and lender.
Why is my quoted rate different from the average?
National averages assume strong credit, a solid down payment and a single-family primary home. Lower scores, smaller down payments, condos, second homes and cash-out all add pricing adjustments, so the average is a benchmark for judging quotes — not a promise.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.