Short answer. The 30-year fixed mortgage rate averaged 6.84% in 2024 and has hovered in the 6.5%–7.5% range through early 2026. The annual rate is updated weekly by Freddie Mac in the PMMS series.
The Almanac tracks annual averages from the Freddie Mac Primary Mortgage Market Survey. The 2024 annual average was 6.84%. Through early 2026, weekly readings have ranged roughly 6.50%–7.20%.
What "the mortgage rate" actually means
The PMMS reports a national average for the 30-year fixed conventional conforming product, excluding points and fees. Your individual rate depends on:
- Credit score: ~50 bps spread between 740+ and 660 borrowers in normal conditions; wider in stressed conditions.
- Down payment: <20% triggers PMI; 20%+ avoids it.
- Loan size: conforming (under FHFA limit) vs. jumbo.
- Property type: primary residence, second home, or investment.
- Discount points: paying points buys down the rate; the PMMS rate reflects 0.5 points typically.
For current rates
The Almanac is an editorial archive of annual data — for live rate quotes, visit Freddie Mac's PMMS dashboard or compare offers across lenders. We do not provide loan offers or pre-approvals.
Sources
U.S. Census Bureau Survey of Construction; National Association of Realtors Existing Home Sales report; Freddie Mac Primary Mortgage Market Survey; National Bureau of Economic Research Business Cycle Dating Committee.