US EditionU.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.
48 Articles
48 Articles
The Independent
The Independent (US)Average UK house price drops by £1,277 in June after record highs
The average price of a home coming to market has fallen by 0.3 per cent month-on-month to £378,240
Mortgage rates simmer, but borrowers might get a cooler autumn
(NerdWallet) - Mortgage rates didn’t do much this week, continuing to hover around 7%. The average rate for a 30-year fixed-rate mortgage fell just one basis point to 6.94% for the week ending June 12, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point. This is unsurprising — rates don’t have much reason to fluctuate right now. The next Federal Reserve meeting ends on June 18, and the co…
Mortgage rates tick lower for second week in a row
Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, 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 6.84% from last week's reading of 6.85%.The average rate on a 30-year loan was 6.95% a year ago.THESE STATES WERE THE HOUSING MARKET MVPS, ACCORDING TO REALTOR.COM"Mo…
Average Mortgage Rate Ticks Down to 6.84%
The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation. …
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