Best Mortgage Refinance Rates - Jul. 15, 2025
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If you’re under contract or nearing purchase, locking in today’s rate could hedge against near-term market volatility. Adjustable-rate loans remain less attractive for most borrowers, with the 7-year ARM now at 7.375%, notably higher than the 30-year fixed.
Freddie Mac’s mortgage rates for the week ending July 10, 2025. Freddie Mac mortgage rate trends. For its weekly rate analysis, Freddie Mac looks at rates offered for the week, ending each Thursday.
Mortgage application volume jumped last week as interest rates fell to their lowest level in three months, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 4,
A Moody’s economist warns that rising mortgage rates could turn the housing market into a major drag on the U.S. economy.
As the summer selling season is here, home loan applications saw a slight uptick in activity after a decline the week prior.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.77% from 6.79%, with points holding steady at 0.62, including the origination fee, for loans with a 20% down payment. That was the lowest level in three months.