US 30-year mortgage rate falls to 6.67%, first decline in six weeks

Published Aug 14, 06:51 AM UTC

According to Freddie Mac, the average rate for a 30-year fixed mortgage in the US declined to 6.67% from 6.69% a week earlier, marking the first decrease in six weeks. The report, published by The Business Times on August 14, 2026, also notes that US home sales fell 4.1% in July from the previous month, reaching their lowest level in nearly two years on a seasonally adjusted basis. This data suggests a cooling housing market amid elevated borrowing costs, though the slight rate drop may offer some relief to potential homebuyers.