From Yahoo Finance: 2025-06-09 06:00:00

Current mortgage interest rates for today, June 9, 2025, remain steady on the long term at 6.85% and slightly lower on the short term with a 15-year fixed interest rate home loan term at 6.14%, according to Zillow data. Late this weekend, a bond market sell-off impacted mortgage rates, with potential for higher rates in the coming days. National averages for mortgage rates include 30-year fixed at 6.85%, 20-year fixed at 6.67%, and 15-year fixed at 6.14%. Mortgage refinance rates tend to be slightly higher than purchase rates, with a 30-year refinance rate at 6.89% and a 15-year refinance rate at 6.16%.

The average 30-year mortgage rate is 6.85%, with a $300,000 mortgage at a 30-year term and 6.81% rate resulting in a $1,798 monthly payment and $371,767 in total interest. A 15-year mortgage rate at 6.14% can lead to a higher monthly payment of $2,346 but only $146,739 in interest over the years. Adjustable-rate mortgages offer lower initial rates but can increase periodically, making it essential to compare fixed and adjustable rates before committing. Mortgage lenders typically offer the lowest rates to individuals with higher down payments, excellent credit scores, and low debt-to-income ratios. Consider paying for discount points at closing or temporary interest rate buydowns to lower your interest rate permanently.

National averages for some popular mortgage terms include a 30-year fixed rate of 6.85%, a 15-year fixed rate of 6.14%, and a 5/1 ARM rate of 7.21%. Keep in mind that actual rates may vary based on location and economic factors. It is unlikely that mortgage rates will see significant drops in 2025, with inflation and trade policies under scrutiny.



Read more at Yahoo Finance: Steady on the 30-year, slightly lower on the 15-year