The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) in the US fell by 6 basis point to 6.77% in the week ending August 1st 2025, the lowest in four weeks, from 6.83% in the previous period, according to the Mortgage Bankers Association. It compares with a rate of 6.55% a year earlier.