Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.

The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.

Mortgage rate trends Mortgage rates have been trending lower for the past five weeks and are currently at their lowest level since early April, when the 30-year rate average 6.62%.That downward ...

On the bright side, however, rates have stayed within a tight range between 6.7% and 6.9% for much of the past six months. Most industry experts expect this trend to continue through the end of the year, with Realtor.com and Zillow forecasting rates to reach 6.4% and “near the mid-6% range,” by the end of 2025, respectively.

Mortgage rates remain stable but elevated, with the 30-year fixed-rate mortgage rising slightly to 6.89% as of May 29, ... Mortgage Trends and Foreclosure Rates; 05/30/2025

Freddie Mac’s mortgage rates for the week ending June 26, 2025. Freddie Mac mortgage rate trends. For its weekly rate analysis, Freddie Mac looks at rates offered for the week, ending each Thursday.