Mortgage Rates Continue to Rise
Average 30-Year Fixed Rate Increases 1 Basis Point to 6.88%
According to the latest data from Bankrate, the average 30-year fixed mortgage interest rate has increased by 1 basis point over the last week, rising to 6.88% for the week of July 30, 2024. This slight increase marks a continuation of the trend of rising mortgage rates seen throughout the past few months.
Top Offers on Bankrate
Despite the overall increase in mortgage rates, there are still several competitive offers available on Bankrate. For the week of August 2nd, the top offers include:
- 6.77% for a 30-year fixed mortgage
- 6.21% for a 15-year fixed mortgage
- 6.30% for a 10-year fixed mortgage
These rates are subject to change, and it is recommended to compare offers from multiple lenders before making a decision.
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