30-year fixed-rate mortgage

The week of July 6–12, 2026, saw a 2.4% drop in existing-home sales in June 2026 to a seasonally adjusted annual rate of 4.09 million, according to the National Association of Realtors. Freddie Mac reported a rise in the 30-year fixed-rate mortgage average to 6.49% from 6.43% for the week ending July 9, 2026, indicating financing pressure on Pasadena’s housing-dependent businesses.

The average 30-year U.S. mortgage rate rose to 6.49% from 6.43% last week, increasing borrowing costs for homebuyers. Freddie Mac reported the increase, noting that higher rates reduce purchasing power and contribute to a housing slump. The 15-year fixed-rate mortgage also rose to 5.82%, influenced by factors like Federal Reserve policies and rising 10-year Treasury yields linked to inflation expectations and the war with Iran.

The average 30-year U.S. mortgage rate increased to 6.49% from 6.43% last week, according to Freddie Mac, raising borrowing costs for homebuyers and reducing their purchasing power. The 15-year fixed-rate mortgage also rose to 5.82%, impacting refinancing options. Higher rates have contributed to weaker home sales this year.

The average 30-year U.S. mortgage rate increased to 6.49% from 6.43% last week, according to Freddie Mac, raising borrowing costs for homebuyers. The 15-year fixed-rate mortgage also rose to 5.82%, influenced by factors like the Federal Reserve's policy and higher 10-year Treasury yields, which reached 4.55% amid expectations of inflation and the war with Iran.

The average 30-year U.S. mortgage rate fell to 6.43%, its lowest level in seven weeks, while the 15-year rate also declined. The drop follows easing oil prices amid hopes of ending the U.S.-Iran war, though rates remain elevated compared to late February. Housing market activity remains subdued due to affordability challenges.

The average 30-year U.S. mortgage rate fell to 6.43%, its lowest level in seven weeks, driven by hopes of ending the U.S.-Iran war and easing oil price pressures. The 15-year rate also declined to 5.79%, while the 10-year Treasury yield dropped to 4.46%. Despite lower rates, housing sales remain below historic norms due to ongoing uncertainty.

The average 30-year U.S. mortgage rate fell to 6.43%, its lowest level in seven weeks, while the 15-year rate also declined. Freddie Mac reported these changes, noting the rates are influenced by Federal Reserve policy and bond market expectations.

The median home price in Los Angeles as of May 2026 is $1.065 million, requiring a salary of approximately $7,143 monthly (or $85,715 annually) to afford the mortgage based on the 28/36 rule. Calculations assume a 30-year fixed-rate mortgage at 6.5% interest.

The average U.S. 30-year fixed mortgage rate decreased to 6.48% this week, down from 6.53% the previous week, according to Freddie Mac. The rate remains below its level from a year ago (6.85%) but has risen since late February. The decline is attributed to factors including oil price fluctuations due to the war with Iran, which influence inflation and bond yields.