Selma Hepp

Today’s 30-year mortgage purchase rate dropped to 6.91%, slightly lower than 6.93% the previous day. Rates remain elevated due to inflation linked to the U.S. war in Iran and persistent energy price pressures. Experts predict rates will stay above 6% for 30-year loans in the near term, with the Federal Reserve likely to raise rates further if inflation remains above its 2% target.

Mortgage rates increased on July 21, 2026, with 30-year purchase rates at 6.742% and refinancing rates at 6.874%. Rising oil prices linked to the U.S. war in Iran and persistent inflation are driving higher interest rates. The Federal Reserve's hawkish policy outlook and stable labor data further support elevated rates, with experts predicting they will remain above 6% for the 30-year term in the near future.

Today’s 30-year mortgage rates for purchases fell to 6.736%, while refinance rates rose to 6.85%. Rising oil prices due to Middle East conflicts, persistent inflation, and a hawkish Federal Reserve have kept rates elevated, with experts predicting they will remain above 6% for the 30-year term in the near future.

Today’s 30-year mortgage purchase rate rose to 6.64%, driven by the Federal Reserve’s hawkish stance on future rate hikes amid persistent inflation. Refinance rates also increased, with the 30-year rate at 6.738%. Higher oil prices from the U.S. war in Iran and strong labor data contributed to elevated inflation, which experts suggest will keep mortgage rates above 6% for years.