local
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) - San Antonio News
· 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 Alamo Heights News
For Alamo Heights residents considering purchasing or refinancing a home, the drop in average 30-year US mortgage rates to 6.43% may be a welcome development. This decrease could make borrowing more affordable, potentially boosting the local real estate market. However, the ongoing uncertainty surrounding the war with Iran and its impact on oil prices and inflation may continue to affect mortgage rates, keeping some prospective homebuyers cautious. In the context of Alamo Heights, where the housing market is closely tied to the overall San Antonio economy, a more stable mortgage rate environment could help support local property values and encourage new residents to move to the area. As the situation continues to evolve, it will be worth watching how these changes influence the local housing market and whether they lead to increased activity among homebuyers and sellers in Alamo Heights.
About this story
Original reporting by KSAT 12 (ABC) - San Antonio News . Alamo Heights News 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) - San Antonio News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KSAT 12 (ABC) - San Antonio News ·
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) - San Antonio News and curated for Alamo Heights News readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC) - San Antonio News. To learn more about how Alamo Heights News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Alamo Heights News, or browse our daily briefing and topic hubs .
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