The average 30-year fixed rate today, Wednesday, July 29, 2026, is 6.69%, up 7 basis points since yesterday. 30-year fixed mortgage ratesThere are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable. The main disadvantage of 30-year fixed mortgage rates is the mortgage interest, both in the short and long term. 15-year fixed mortgage ratesThe pros and cons of 15-year fixed mortgage rates are essentially the same as those of 30-year rates. Keep reading: Learn more about the differences between adjustable-rate and fixed-rate mortgagesToday's mortgage rates: FAQsWhat is a 30-year mortgage rate right now?