Mortgage Rates

As of July 17, 2026

Conventional: 6.68%

FHA: 6.29%

VA: 6.30%

Mortgage Update by Mayra Stewart

Inflation is finally cooling, with both CPI and PPI coming in better than expected. That’s giving the market a little breathing room and helping support mortgage rate stability.

At the same time, the Fed is staying patient. Even though inflation is improving, they want to see more consistent data before making any moves. Mortgage rates don’t directly follow the Fed, but their outlook shapes the bond market, so their caution still matters.

Global uncertainty is also playing a role. Tensions in the Middle East have investors moving money into U.S. Treasuries, which helps keep mortgage rates from drifting higher.

What does this means? 

Buyers are seeing more negotiating power, more opportunities for seller credits, and more room for rate buydowns.

Sellers still have qualified buyers in the market, but affordability is front and center, so pricing and presentation matter more than ever.

Mayra Stewart
NMLS # 1854215