US EditionU.S. Mortgage Rates Decline Again as July Begins
UNITED STATES, JUL 3 – The average 30-year mortgage rate in the U.S. dropped to 6.67%, the lowest since early April, due to lower bond yields and Federal Reserve policies, Freddie Mac reported.
- Freddie Mac reported on July 3, 2025, that the average rate on a 30-year fixed mortgage fell to 6.67%, its lowest since mid-April, after five consecutive weekly declines.
- This decline follows a prolonged period of high mortgage rates, which have constrained the housing market since sales sank to their lowest in nearly 30 years last year due to affordability issues.
- Alongside falling rates, mortgage refinance applications rose 7% during the week ending June 27, while sales remain sluggish but may improve as more sellers enter the market, improving buyer options.
- Sam Khater of Freddie Mac described the recent decrease as the biggest weekly drop since early March, while economist Kara Ng noted that mortgage rates have remained within a 6% to 7% range throughout the past year.
- Economists expect mortgage rates to remain relatively stable within this 6% to 7% range for the rest of the year, suggesting continued affordability challenges but potential for gradual housing market improvement.
43 Articles
43 Articles
Average Mortgage Rate Falls to Lowest Level Since Early April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, fell to 5.80…
Average long-term U.S. mortgage rate drops to lowest level since April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, fell to 5.80…
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