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Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
By Alex Veiga, Associated Press at KSAT 12 (ABC affiliate)
· July 2, 2026
· 3 min read
The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate...
Key takeaway 49% last week, mortgage buyer Freddie Mac said Thursday.
Why this matters in The San Antonio
For San Antonio homebuyers, the slight drop in mortgage rates may provide some relief, but it's unlikely to significantly boost the local housing market. The average 30-year mortgage rate falling to 6.43% is still relatively high, and uncertainty surrounding the war with Iran and its impact on inflation and bond yields continues to affect buyer confidence. In a city where housing affordability is already a concern, elevated mortgage rates will likely keep many potential buyers on the sidelines. The decline in sales of previously occupied homes nationwide is likely mirrored in San Antonio, where the housing market has been slowing down since 2022. As the local economy continues to grow, the housing market will be closely watched to see if lower mortgage rates can help stimulate sales and make homeownership more accessible to San Antonio residents.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate...
When was this published? This article was first published on July 2, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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