US mortgage rates fell slightly on July 8 2026, according to data. Rates kept declining, offering some relief homebuyers. The decline brought the typical 30-year fixed rate just under 6 percent, as shown by tracked figures. A new report put the mean adjustable-rate mortgage at close to 5.4 percent, a minor reduction from the previous day.
Meanwhile in a different market, key banks increased variable mortgage rates due to higher central bank cash rate pressure. The lenders cited higher policy rates forced the change. Their moves differ from the downward trend seen in the United States.