Freddie Mac reports 30-year mortgage rates fall to 6.43%

1 min read Updated on 02 Jul 2026, 11:44 PM

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Radhika SScanX News Team

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Freddie Mac's Primary Mortgage Market Survey for the week ending July 2, 2026, shows the 30-year fixed-rate mortgage averaging 6.43%, down from 6.49% the previous week. The 15-year fixed-rate mortgage also declined to 5.79%. These rates are at a seven-week low, with rising purchase demand indicating improved affordability.

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Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) averaged 6.43% for the week ending July 2, 2026, representing a decrease from the prior week's average of 6.49%. This decline brings rates to a seven-week low, signaling modest improvements in affordability for prospective homebuyers. The data was released as part of Freddie Mac’s Primary Mortgage Market Survey (PMMS).

Sam Khater, Freddie Mac’s Chief Economist, noted that the easing of rates is an encouraging sign as purchase demand continues to edge higher. The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with a 20% down payment and excellent credit.

Mortgage Rate Averages

The PMMS data highlights the following averages for fixed-rate mortgages:

Mortgage Type	Current Average	Previous Week	Year Ago
30-year FRM	6.43%	6.49%	6.67%
15-year FRM	5.79%	5.84%	5.80%

The 15-year FRM also saw a decline, averaging 5.79% for the current week compared to 5.84% last week. A year ago, the 15-year FRM averaged 5.80%. Freddie Mac’s mission remains centered on promoting liquidity, stability, and affordability in the housing market across all economic cycles.

Will the recent decline in mortgage rates sustain enough momentum to significantly boost home purchase demand through the summer?

How might these lower rates impact the tight housing inventory if more buyers enter the market?

What economic indicators could drive the next major shift in mortgage rate trends following this seven-week low?

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US to lower fishery regulations, open Georges Bank

0 min read Updated on 02 Jul 2026, 10:56 PM

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The US will reduce regulatory burdens on fisheries and open Georges Bank for scallop fishing, as announced by trade adviser Peter Navarro on Thursday.

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The United States is lowering regulatory burdens on fisheries, including opening up Georges Bank for scallop fishing, trade and manufacturing adviser Peter Navarro said on Thursday. The move aims to ease restrictions on the industry and expand access to fishing grounds in New England.

Navarro announced the policy shift, highlighting the opening of Georges Bank as a key component of the regulatory reduction. The area is a significant fishing ground located off the coast of New England.

The decision is part of broader efforts to support the fisheries sector by reducing compliance costs and increasing operational flexibility. No specific implementation timeline was provided in the announcement.

How will the opening of Georges Bank impact the sustainability of scallop populations in the region?

What reaction can be expected from environmental groups and local fishing communities regarding this policy shift?

Could this regulatory reduction lead to similar measures in other U.S. fisheries or industries?