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U.S. Mortgage Rates Hold Steady in June (Find Out the New Rate)

  • Freddie Mac reported on June 13, 2025, that the average 30-year fixed mortgage rate fell slightly to 6.84%, remaining near 7%.
  • This comes amid persistent high borrowing costs and a housing market where buyers hesitate due to elevated prices and mortgage rates.
  • Several financial institutions, such as Nationwide, Barclays, Investec, and Hodge, relaxed their mortgage stress tests in May to make borrowing more affordable for customers.
  • Mortgage applications rose 13% from the previous week and are 20% higher than a year earlier, reflecting increased buyer interest despite market challenges.
  • These adjustments and modest rate declines suggest a housing market poised for gradual stabilization, though buying remains constrained by price pressures.
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nationwidemediacentre.co.uk broke the news in on Wednesday, June 11, 2025.
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