Mortgage rates have slightly increased, with the 30-year fixed rate at 6.73%.

From Yahoo Finance: 2025-06-15 06:00:00

Mortgage rates have slightly increased today, with the average 30-year fixed rate at 6.73% and the 15-year fixed rate at 6.00%. The Mortgage Bankers Association predicts rates to remain steady through September, around 6.7%, potentially impacted by international tensions. It’s essential to secure the lowest rate if buying in 2025.

Current mortgage rates are as follows: 30-year fixed at 6.73%, 20-year fixed at 6.52%, 15-year fixed at 6.00%, 5/1 ARM at 6.96%, and 7/1 ARM at 7.40%. Refinance rates are slightly higher than purchase rates. National averages are rounded to the nearest hundredth.

Considering a mortgage? The average 30-year rate is 6.73%, while the 15-year rate is 6.00%. Opting for a longer term lowers monthly payments, but a shorter term saves interest. Rates are fixed for the loan term, but adjustable rates can change after an initial period.

To secure the best mortgage rate, aim for a high credit score, significant down payment, and low debt-to-income ratio. Waiting for rates to drop isn’t guaranteed, so focus on improving your financial profile. Compare lenders based on APR, which includes interest rate, points, and fees.

National average mortgage rates are 6.73% for 30-year fixed and 6.00% for 15-year fixed. Rates vary by location, higher in expensive areas and lower in affordable regions. For a better rate, maintain excellent credit, substantial down payment, and low debt-to-income ratio.

Don’t expect a significant drop in mortgage rates soon. Securing a good rate requires a strong financial profile. Compare lenders based on APR, not just interest rates, to determine the true cost of borrowing. Consider factors like property taxes and insurance when estimating monthly payments.



Read more at Yahoo Finance: Mortgage and refinance interest rates today, June 15, 2025: Rates hardly move