Mortgage rates were essentially flat this week, with the 30-year conventional averaging 6.49% according to Freddie Mac, up just 0.02% from the prior week and well within the tight band rates have occupied for nearly six weeks. With no major catalyst on the horizon before the Fed's next meeting on July 28–29, the stability in rates means new homebuyers have a real opportunity to shop around for at least two Loan Estimates. A steady market gives borrowers a reliable basis for comparison without the risk of rates moving meaningfully against them while shopping the best terms.

This table is updated every Thursday to give readers a sense of what direction interest rates are moving. Sources include Optimal Blue, Freddie Mac, and the Mortgage Bankers Association.