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

Mortgage rates inched higher today, with the 30-year fixed rate at 6.72% and the 15-year fixed rate at 5.96%. Israeli strikes on Iran caused Wall Street turbulence, pushing investors towards oil and gold. The 10-year Treasury yield rose over 1.5%, creating market uncertainty ahead of the Federal Reserve meeting.

Current 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%. These rates are national averages and rounded to the nearest hundredth.

Mortgage refinance rates today are: 30-year fixed at 6.80%, 20-year fixed at 6.34%, 15-year fixed at 5.96%, 5/1 ARM at 7.24%, 7/1 ARM at 7.13%, 30-year VA at 6.22%, 15-year VA at 5.88%, and 5/1 VA at 7.24%. Refinance rates are often higher than purchase rates.

Consider using a mortgage calculator to estimate how today’s rates impact your monthly payments. A 30-year fixed mortgage offers lower and predictable payments, while a 15-year fixed rate saves on interest over time. Adjustable-rate mortgages have lower initial rates but can increase unpredictably later.

Now is a good time to buy a house with stable prices, but mortgage rates are uncertain. Experts predict rates will not drastically change in 2025. Timing the market is tricky, so buy when it’s right for you. National average mortgage rate is 6.72%, with stability expected in the near future.

Securing a low mortgage refinance rate involves improving credit score and lowering debt-to-income ratio. Consider a shorter term for a lower rate, but higher monthly payments. Mortgage rates are currently lower than in mid-January, offering opportunities for refinancing.



Read more at Yahoo Finance: Small increases as international tensions roil markets