Freddie's weekly number came in at 6.47%, and here's the context

Freddie Mac's national weekly average for a 30-year fixed loan came in at 6.47% this week. That's the number a lot of buyers see in headlines, and it's a useful anchor when a client thinks rates are still way higher than they actually are. California's running a hair below that today (6.375% average), so your buyers have a real shot at the low sixes if they move.

The next Fed meeting is July 29. Between now and then, rates will bounce around on headlines and data, but the bigger picture is holding. Inventory keeps building, buyers have more choices, and the ones who get their financing lined up early are the ones closing. If a client's on the fence, the conversation is simple: let's get them preapproved with real numbers so they know what they can actually do.

I pick up when you call, and I close on time. When you've got a buyer ready to move, send them over. Informational only, not a commitment to lend, rates subject to change. Brett Hickman, NMLS 2010859. Equal Housing Opportunity.