Freddie Mac PMMS: 30-year fixed averages 6.49% (week ending July 9)

Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS) nudged mortgage rates slightly higher for the week ending July 9, 2026. The benchmark 30-year fixed-rate mortgage averaged 6.49%, up from 6.43% the prior week.

The survey also reported the 15-year fixed-rate mortgage averaged 5.82%, up from 5.79%.

What Freddie Mac reported for July 9

In the PMMS results released July 9, Freddie Mac said:

• 30-year fixed: averaged 6.49% as of July 9, up from 6.43% last week.
• 15-year fixed: averaged 5.82%, up from 5.79% last week.

Freddie Mac explains that PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. In other words: these are survey averages, not the exact rate you’ll receive from your lender.

Why a small weekly rate move can still matter

Mortgage rates can look stable when you’re scanning headlines, but even small week-over-week changes can affect affordability—especially when borrowers are comparing offers or deciding whether to lock their rate.

If your budget is tight, treat each PMMS release as a reason to re-check your numbers. When averages drift upward (as they did this week), you may need to revisit what monthly payment you can comfortably handle.

What PMMS does (and doesn’t) tell you

PMMS is useful for spotting the direction of the market. But it doesn’t automatically translate into a guaranteed “your rate will be X” outcome. Your rate can differ based on factors such as:

• credit profile
• down payment / loan-to-value
• loan size and specific loan terms
• points and fees included in the quote

What to watch next

Freddie Mac publishes PMMS weekly. The next scheduled update is July 16, 2026.

For borrowers, the key question isn’t one week’s number. It’s whether the 30-year and 15-year averages keep edging higher, flatten, or reverse over the next few releases—and how that trend lines up with your timeline for buying or refinancing.

The bottom line from this week’s PMMS: the 30-year fixed-rate benchmark stayed in the mid-6% range but moved slightly upward versus last week.

Sources

• Freddie Mac PMMS news release (Mortgage Rates Hover in Mid-Six Percent Range)
• Freddie Mac PMMS archives (weekly data table)
• FRED: MORTGAGE30US (Freddie Mac 30-year fixed-rate average)
• Associated Press: Average 30-year US mortgage rate rises to 6.49%