US mortgage rates fell slightly on July 8 2026, according to data. Rates continued to slip, offering some relief homebuyers. The drop brought the average 30-year fixed rate to nearly 6 percent, based on tracked figures. A recent report put the mean adjustable-rate mortgage at around 5.4 percent, slight decrease from the prior day.
Meanwhile in another market, two major banks raised variable mortgage rates as rising central bank cash rate pressure. The lenders noted higher policy rates prompted the change. Their moves differ from the easing trend seen in the United States.