Mortgage Rates Today: July 2026 Weekly Report

On Thursday, July 23, 2026 at 12:00 p.m. Eastern time, Freddie Mac puts out its weekly mortgage rate report. It is called the Primary Mortgage Market Survey. It tells you the average rate people are getting on a home loan right now.

This is the number that sets your monthly payment. When the rate goes up, you pay more each month for the same house. When it goes down, you pay less. It changes almost every week.

You do not need to wait for tomorrow to understand it. This page explains what the report measures, what the charts above are showing, and what each possible outcome would mean for you.

What this report actually measures

The Primary Mortgage Market Survey is a weekly average. Freddie Mac, a large company that helps fund home loans in the United States, asks lenders across the country what rate they are offering. Then it averages those answers. The most-watched number is the average rate on a 30-year fixed mortgage. That means a loan you pay back over 30 years, where the rate never changes.

This is not the exact rate you personally will get. Your rate depends on your credit, your down payment, and the home. But the survey shows the trend. It tells you which way rates are moving.

What the charts show right now

The chart above shows the average rate on a 30-year mortgage at 6.6% for July 2026. Last time it was 6.5%, so the rate moved up. A year ago it was 6.3%, so it is also up from one year back. These are small moves, but they add up over 30 years.

The South Florida chart shows what sellers are asking for their homes in our three counties. In Miami-Dade the asking price is $592,450 for June 2026, down from $609,000 a year ago. In Broward it is $381,950, down from $400,000 a year ago. In Palm Beach it is $496,200, down from $499,000 a year ago. So asking prices have softened a little across all three counties over the past year.

What it means for your monthly payment

Small rate changes cost real money. Take a $600,000 loan paid over 30 years. When the rate goes from 6.5% to 6.6%, the payment goes up by about $40 a month. That is roughly $480 a year, and you pay it for the life of the loan. A bigger jump, like half a percentage point, would add close to $200 a month on that same loan.

This is why the report matters. The house costs the same, but the loan costs more or less depending on the rate that week.

What it means for home prices

Rates and prices pull against each other. When rates rise, monthly payments rise too. Fewer buyers can afford the payment. That can push sellers to lower their asking prices. The chart above already shows asking prices down a little across all three South Florida counties from a year ago, while rates have risen over that same time.

If rates keep climbing, that pressure on prices usually continues. If rates ease, buyers can afford a bit more, and prices can hold or firm up.

What it means for rent in South Florida

Rates touch rent too. When higher rates keep buyers from purchasing, more people stay renting. That keeps demand for rentals steady. If you own a place and rent it out, steady demand helps. If you are trying to buy your first home, a higher rate can make renting the cheaper choice for now while you wait and save.

The bottom line

Watch the direction, not just one week's number. One report is a snapshot. The trend over several weeks tells you more about where your payment is headed.

What sellers are asking in our three counties

County figures from FRED, latest month published: June 2026.

Every figure on this page comes straight from FRED (Federal Reserve Economic Data, Federal Reserve Bank of St. Louis) — series MORTGAGE30US. We publish these before the report lands so you can read the background while it is still quiet, then we add the actual number here the moment it is out.