Mortgage rates dip to 6.43%, easing affordability slightly for homebuyers
MarketsFN Data Team
The 30-year fixed mortgage rate fell 6 basis points this week to 6.43%, offering modest relief to buyers as the $400,000 monthly payment drops to $2,510 from $2,487 a year ago.
At 6.43%, the 30-year rate remains just above its 3-month average (6.42%) and 1-year average (6.33%), but well above the 5-year average (6.02%). Rates are still below the 52-week high (6.75%) but far from the low (5.98%). A $400,000 loan now costs $23 more monthly than a year ago.
Rates eased as the 10-year Treasury yield held at 4.55%, with the mortgage-Treasury spread narrowing slightly to 1.88 percentage points. The Fed's 3.63% benchmark rate and stable lender risk appetite are keeping spreads below historical highs, though inflation fears linger.
Watch for Fed commentary on rate cuts and June inflation data next week. Summer housing demand and inventory trends may also sway rates, with seasonal slowdowns potentially offsetting upward pressure from sticky inflation.
Key Statistics at a Glance
| Week ending | July 09, 2026 |
| 30Y Fixed Rate | 6.43% |
| WoW change | ▼ 6.0 bps |
| YTD change | +27.0 bps |
| 15Y Fixed Rate | 5.79% |
| 15Y WoW | ▼ 5.0 bps |
| 3-month average | 6.42% |
| 1-year average | 6.33% |
| 5-year average | 6.02% |
| 52-week high | 6.75% |
| 52-week low | 5.98% |
| Fed Funds Rate | 3.63% |
| 10Y Treasury | 4.55% |
| Mortgage–10Y Spread | 1.88 pp |
| Monthly pmt $400k/30Y | $2,510 |
| vs 1 year ago | ▲ $23/month |
