US EditionAverage Mortgage Rate Eases for Third Consecutive Week
- On June 18, 2025, Freddie Mac announced that the average interest rate for a 30-year fixed mortgage decreased to 6.81%, down from 6.84% the previous week, reaching its lowest level in four weeks.
- Mortgage rates eased due to bond market yields pulling back and investor expectations influenced by Federal Reserve interest rate policies and economic outlook.
- The 15-year fixed mortgage rate also declined slightly to 5.96%, while homebuilder sentiment dropped to its third-lowest level since 2012 amid reduced homebuilding activity.
- Hannah Jones of Realtor.com noted that the housing market is increasingly benefiting buyers as more homes become available, properties remain listed for extended periods, and price reductions become more common.
- Despite easing rates, elevated borrowing costs continue to suppress home sales and new construction, keeping the housing market under pressure this year.
12 Articles
12 Articles
Mortgage rates dip again easing homebuyer costs
KEY TAKEAWAYS: 30-year mortgage rate falls to 6.81%, easing for third week 15-year mortgage rates also decline to 5.96% Housing market remains sluggish due to high borrowing costs Homebuilders offering incentives and price cuts to attract buyers The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market…
Average long-term US mortgage rate eases slightly, the third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market.
Average long-term US mortgage rate eases to 6.81%, third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market
Average SVR down 0.70% from June last year: Moneyfacts – Mortgage Strategy
The average standard variable rate (SVR) has fallen further below 8% month-on-month and stands at 7.48%, down from 8.18% a year ago, the latest Moneyfacts data shows. The latest figures show that the average two-year fixed rate has fallen from 5.93% to 5.12% since June…The post Average SVR down 0.70% from June last year: Moneyfacts appeared first on Mortgage Strategy.
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