Freddie Mac’s rate for a 30-year fixed rate mortgage increased for the first time in six weeks and is now averaging 6.72%.

Mortgage rates are up, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.78%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

The market currently projects an interest rate cut in the fall, though two Fed officials floated the possibility of a rate cut this month. Fed Chair Powell has reaffirmed a "wait and see" posture, with concerns over the inflationary impact of tariffs.