Are mortgage rates going up or down right now?

Based on Ralo’s weekly 30-year fixed snapshots, rates are currently holding steady, up about 0.13 percentage points over the past 30 days. This is market context, not personalized advice.

How does Ralo’s rate compare to the national average?

As of July 30, 2026, Ralo’s quoted 30-year fixed rate is about 0.66 percentage points below the Freddie Mac PMMS national average. Ralo is a broker that earns a thin commission and passes the savings through; your actual rate depends on your credit, loan-to-value, and property.

Is now a good time to lock a mortgage rate?

There’s no universal answer — it depends on your timeline and risk tolerance. The trend above shows recent direction for context, but locking is a personal decision. Compare the full picture (rate, APR, points, and fees) on your specific scenario before deciding.

The Ralo Rate Index

Ralo is an automated mortgage broker that earns a thin commission and passes the savings through. The Ralo Rate Index tracks our quoted 30-year fixed rate against the Freddie Mac PMMS national average, updated weekly. Last updated July 30, 2026.

Ralo 30-yr fixed

6.00%

National average (PMMS)

6.66%

Ralo is below average by

0.66 pts

By loan term

Term	Rate	APR	30-day change
30-Year Fixed	6.00%	6.06%	↑ 0.13 pts
20-Year Fixed	5.75%	5.83%	0.00 pts
15-Year Fixed	5.50%	5.59%	↑ 0.25 pts

30-year fixed trend: Flat this month.

What the index measures

The Ralo line is our own quoted 30-year fixed rate for a benchmark borrower, captured daily and shown as a weekly close. The national line is Freddie Mac's Primary Mortgage Market Survey (PMMS), the standard weekly benchmark. These are illustrative figures for comparison, not a quote, rate lock, or commitment — your rate depends on your credit, loan-to-value, occupancy, and the property.

Key Takeaways

At a Glance

Ralo’s quoted 30-year fixed rate is 6.00% as of July 30, 2026.
That’s about 0.66 percentage points below the Freddie Mac PMMS national average.
Recent trend: Flat this month.

Freshness

Stale

Last updated: Jul 30, 2026, 12:00 AM UTC

Live data may be outdated. Re-check current rates before locking.

Citations

Primary sources behind this page

Freddie MacAccessed for source verification
Federal Reserve Economic Data (FRED)Accessed for source verification

Reviewed By

Arjun Lalwani

CEO & Co-Founder

NMLS #2753950

Former Google product leader with expertise in marketplace systems. Recognized by the U.S. government for extraordinary ability in building and scaling marketplaces. Licensed mortgage professional bringing rigorous product execution to home financing.

NMLS Consumer Access