U.S. mortgage rates have increased for the second consecutive week as of mid-July 2025, according to data from Freddie Mac and other sources. The average 30-year fixed-rate mortgage rose slightly to 6.75% during the week ending July 17, up from 6.72% the previous week. Meanwhile, the average 15-year fixed-rate mortgage increased to 5.92% from 5.86%. These rates represent a modest uptick compared to recent weeks but remain below the peak of 7.79% recorded in October 2023. Regional variations exist, with some southeastern and southwestern states, including Florida and New Mexico, experiencing rates at or below 6.69%. The trend reflects ongoing pressures in the housing finance market as borrowers face higher borrowing costs. Mortgage refinance rates remain elevated as well, contributing to the overall increase in home loan costs.