Mortgage Refinance Rates for Jul. 22, 2025
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Fannie Mae recently revised its mortgage rate forecas t to increase its year-end projections from 6.2% to 6.5%, as rates prove more stubborn than expected. Now, homebuyers can expect to face an unaffordable housing market for the foreseeable future.
The likelihood of a rate cut in July is low, but at least one member of the Federal Open Market Committee is advocating for one.
Mortgage rates today sit at 6.625% for a 30-year fixed loan. High rates are straining affordability and slowing housing activity.
The price of homeownership remains out of reach for many Americans as home prices remain high and mortgage rates continue to hover close to 7%.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
As more homes remain on the market longer, buyers are closely watching mortgage rates to see if there's an opportunity to save money.
After a five-week decline, mortgage rates have now climbed for three straight weeks. But that doesn't necessarily mean you should hit pause on your house hunt.
Today's 30-year mortgage rate is 6.625%, with 15-year rates at 5.75%. Here's how to get the best rate and what we're watching this week.
Safely unlock your home's value with these standout lenders and useful tips to help you avoid costly mistakes.
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