Freddie Mac says the average rate on a 30-year mortgage fell to 6.89% this week

Freddie Mac says average rate on a 30-year mortgage fell to 6.89% this week

A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported. Rates currently average lower than they did at this time last year when they hovered around 6.96% for 30-year mortgages.