From Yahoo Finance: 2025-06-14 06:00:00

Mortgage rates inched higher today, with 30-year fixed rates at 6.72% and 15-year fixed rates at 5.96%. Israeli strikes on Iran impacted Wall Street, causing investors to flock to oil and gold. The 10-year Treasury yield rose over 1.5%, and uncertainty looms next week with the Federal Reserve on the agenda and President Trump pressuring rate cuts.

Current national mortgage rates are as follows: 30-year fixed at 6.73%, 20-year fixed at 6.36%, 15-year fixed at 5.96%, 5/1 ARM at 7.01%, 7/1 ARM at 6.47%, 30-year VA at 6.31%, 15-year VA at 5.75%, and 5/1 VA at 6.36%. Refinance rates are slightly higher than purchase rates, but not always.

30-year fixed mortgages offer lower and predictable monthly payments, while 15-year fixed mortgages have lower interest rates and allow for earlier loan payoff. Adjustable-rate mortgages (ARMs) offer lower introductory rates but come with the risk of unpredictability and potential rate increases in the future.

The best time to buy a house depends on your circumstances rather than market timing. Experts predict stable mortgage rates in 2025, so factors like home prices and personal readiness should guide your decision. Mortgage rates remain relatively steady, but local variations can affect averages. Refinancing strategies mirror those of purchasing a home, with an emphasis on credit score, DTI ratio, and loan term selection.



Read more at Yahoo Finance: Stepping higher as international tensions roil markets