After early 2026 momentum, brokers report buyer and seller pullback as 30-year conforming mortgage rates moved up to 6.94%. Heading into 2026, most economists and industry analysts were anticipating a stronger housing market than in past years. And for the first nearly two months of the year, it was looking like 2026 might be the year when things finally turned around for a housing market that has been stuck at roughly 4 million existing home sales since 2023. Prior to the Iran war starting in late February 2026, the rate for a 30-year conforming mortgage was at 6.23%. As of July 28th, rates were at 6.94 after the war in Iran again began to escalate earlier in the month.
Source: HousingWire
Mortgage Rates
Average 6.66%
The 30-year fixed-rate mortgage averaged 6.66% this week. The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional options and helping support buyer activity as mortgage rates fluctuate.
The 30-year fixed-rate mortgage averaged 6.66% as of July 30, 2026, up from last week when it averaged 6.58%. A year ago at this time, the 30-year FRM averaged 6.72%.
The 15-year fixed-rate mortgage averaged 6.04%, up from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 5.85%.
