According to Freddie Mac, the 30-year fixed-rate mortgage fell to 6.43%, it was 6.50% before.
“Purchase applications remain ahead of 2025’s pace and have exhibited year-over-year growth for almost three months, as prospective homebuyers are finding opportunities in markets with ample inventory and easing home-price growth,” according to Joel Kan, deputy chief economist for the Mortgage Bankers Association.
“Sellers are reading market conditions and are pricing accordingly from the start rather than listing high and cutting later, and buyers are taking note and making bids. This is a welcome sign that we are in a functioning market,” Danielle Hale, chief economist for Realtor.com said.
Thursday’s job report was far below expectations of 115,000, with only 57,000 jobs added for the month of June. This eases pressure on Fed rate hikes, which can loosen the short-term tension around mortgage rates.
Here are the current purchase mortgage rates for Thursday, July 2, 2026, according to the latest Zillow data:
30-year fixed: 6.36%
20-year fixed: 6.22%
15-year fixed: 5.87%
5/1 ARM: 6.41%
7/1 ARM: 6.29%
30-year VA: 5.75%
15-year VA: 5.41%
5/1 VA: 5.66%
Here are today’s mortgage refinance interest rates, Thursday, July 2, 2026, according to the latest Zillow data:
30-year fixed: 6.33%
20-year fixed: 6.31%
15-year fixed: 5.85%
5/1 ARM: 6.33%
7/1 ARM: 6.34%
30-year VA: 5.80%
15-year VA: 5.49%
5/1 VA: 5.69%
The once dead real-estate market is now showing life, with no Fed hikes expected this momentum is expected to continue for the near future.
