Mortgage Rates Continue Moving Up — RISMedia
By: Beth McGuire | Published: 2025-07-17 20:07:00 | Source: www.rismedia.com
In line with the upward trend in 10-year Treasury yields, mortgage rates saw a slight uptick this past week, as experts pointed to the elevated June inflation numbers and possible impacts of tariffs to predict rates could stay higher for the remainder of the homebuying season.
According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the 30-year fixed-rate mortgage (FRM) averaged 6.75%, an increase of 3 basis points from last week’s average of 6.72%.
“The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%,” said Sam Khater, Freddie Mac’s chief economist. “While overall affordability headwinds persist, rate stability coupled with moderately rising…
