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Giving Home > Giving News > Finance News > Mortgage Rates Increase

Mortgage Rates Increase

Published July 11, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, July 10. The survey showed mortgage rates rising after several weeks of decline.

This week, the 30-year fixed mortgage rate averaged 6.72%, up from last week’s average of 6.67%. Last year at this time, the 30-year fixed mortgage rate averaged 6.89%.

The 15-year fixed mortgage rate averaged 5.86% this week, up from last week’s average of 5.80%. During the same week last year, the 15-year fixed mortgage rate averaged 6.17%.

“After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report,” said chief economist at Freddie Mac, Sam Khater. “Despite ongoing affordability challenges in the housing market, we are seeing home purchase and refinance applications respond to the downward trajectory in rates, increasing by 25% and 56%, respectively, compared to the same time last year.”

Based on published national averages, the savings rate was 0.38% as of 6/16. The one-year CD averaged 1.62%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.