US EditionMortgage Rates Hold Steady Above 6.75%: Today's Rates, July 24, 2025
UNITED STATES, JUL 24 – The Federal Reserve maintains steady rates amid inflation and trade threats, with 30-year fixed mortgages averaging 6.77%, impacting housing affordability, experts say.
- On July 24, 2025, the average rate for a 30-year fixed mortgage is 6.77%, down 0.01 percentage point from seven days ago.
- Uncertain economic outlook, amid lingering inflation and trade war threats, prompts the Federal Reserve to keep policy rates steady in 2025.
- Today in the secondary mortgage market, a 15-year fixed mortgage rate is 6.01% and a 5/1 adjustable-rate mortgage averages 5.88%.
- Households face high home prices and expenses, and many must earn double or triple their salary to afford a modest home.
- Most economists predict the Federal Reserve will start lowering rates in September, while Fannie Mae forecasts rates near 6.5% by end of 2025 and 6.1% by end of 2026.
38 Articles
38 Articles
Average long-term U.S. mortgage rate eases to 6.74%
The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74%, from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.87%, from 5.92% last we…
Mortgage rates inch lower this week
Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.74% from last week's reading of 6.75%.The average rate on a 30-year loan was 6.78% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS TO SPEND MORE THAN 30% OF INCOME"This week, the 30-yea…
Associated Press News
Average long-term US mortgage rate eases to 6.74%, keeping home loan borrowing costs elevated
The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices.
Average US mortgage rate eases to 6.74%, but borrowing costs remain elevated
The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices.The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.87% from 5.92% last week. …
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