According to Freddie Mac data, U.S. mortgage rates experienced slight fluctuations in July 2025. For the week ending July 17, the average 30-year fixed mortgage rate rose marginally to 6.75% from 6.72% the previous week, while the 15-year fixed mortgage rate increased to 5.92% from 5.86%. This marked the second consecutive week of rising mortgage rates. However, by the week ending July 24, the 30-year fixed mortgage rate decreased slightly to 6.74%, and the 15-year fixed mortgage rate fell to 5.87%. Despite these short-term changes, the 30-year mortgage rate has remained virtually unchanged over the past three years, with a recent bounce back to around 6.84%. The fluctuations reflect ongoing market responses to elevated interest rates.