Mortgage Rates Increase: 30-Year Fixed Up to 6.40% on July 5

As of July 5, 2026, mortgage rates have increased compared to June 28. The 30-year fixed mortgage rate rose by 23 basis points to 6.40%, the 15-year fixed increased by 11 basis points to 5.86%, and the 5/1 ARM surged by 43 basis points to 6.52%. National averages include a 30-year VA rate at 5.81% and a 15-year VA rate at 5.51%. These changes in mortgage rates could influence borrowing costs and housing market activity going forward.