Freddie Mac reports the 30-year fixed mortgage rate averaged 6.74% for the week ending July 24 — down from 6.75% last week. Dayton-area city eyes TIF district to aid $49M townhome development © 2025 American City Business Journals.

With Trump’s tax overhaul now in the rearview mirror, a potential FHLMC and FNMA conservatorship release could move up the docket. Want more housing market stories from Lance Lambert’s ResiClub in your inbox?

Comments by Bill Pulte, director of the agency that oversees the mortgage giants, suggest that releasing them from conservatorship isn’t as certain as some investors thought.

According to data from Freddie Mac, the average rate on a 30-year fixed mortgage was 6.74% for the week ending Wednesday, down just a single basis point from 6.75% the week prior. The average 15-year fixed mortgage rate was 5.87%, down five basis points from 5.92% last week.

The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices

Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.

Mortgage rates fell slightly this week, according to data from Freddie Mac released on Thursday. The average rate on the 30-year fixed mortgage is 6.81%, down from 6.83% last week.

"Mortgage rates followed other interest rates lower this week amid reports of slower economic growth," said Frank Nothaft, Freddie Mac vice president and chief economist. Show Conversation (0)