Despite forecasts that mortgage rates will slowly ease, buying a home is still too costly for most people. The average 30-year fixed rate has been in the 7% range over the last 7 months, creating some hefty monthly payments. President Donald Trump’s tariffs on imports have added economic uncertainty. The Federal Reserve has paused cutting
Mortgage rates fell slightly this week, with the average 30-year fixed rate dropping to 6.81% as of Wednesday, June 25, 2025. This marks a 2-basis-point dip from the previous day and a 10-basis-point improvement over last week. Here’s how today’s mortgage trends could impact buyers and homeowners. Current mortgage rate averages According to Zillow’s latest
As July 2025 approaches, would-be homebuyers are hoping for a break in mortgage rates. With the Federal Reserve holding steady and inflation pressures fluctuating, predictions for July remain uncertain. Here’s what experts forecast. Fed holds rates, but July meeting looms At its June 2025 meeting, the Federal Reserve kept its benchmark interest rate unchanged at
Mortgage rates ticked down again Monday, with the average 30-year fixed rate falling to 6.88%. Homebuyers navigating a high-rate market may find modest relief, but will the trend continue? National mortgage rates as of June 23, 2025 Zillow reports the following averages: 30-year fixed: 6.88% (down 0.02%) 15-year fixed: 5.90% (down 0.02%) 5-year ARM: 6.99%
Mortgage rates in the U.S. climbed once more on Friday with the national average 30-year fixed mortgage rate ticking up to 6.98%, according to new data from Zillow. This increase follows a week of gradual upticks, further tightening affordability for prospective buyers. Current mortgage rate averages As of June 20, 2025: 30-year fixed rate: 6.98%
‘Little urgency to cut rates’ The odds of a rate cut by the Federal Reserve have steadily dropped during the spring and are a virtual lock to remain unchanged this week. According to the CME Group’s FedWatch tool, 99.8% of interest rate traders think the Fed will leave benchmark rates at a range of 4.25%
See the most expensive homes sold in the Des Moines metro in 2024 A look at the most expensive homes sold in Polk, Dallas, and Warren counties. Home mortgage interest rates are unlikely to drop anytime soon, despite comments by the Chicago Federal Reserve CEO during a recent Des Moines visit that rates could drop
Mortgage rates ticked up slightly on Tuesday, with Zillow reporting the national average for a 30-year fixed mortgage now at 6.94%. The shift marks a one basis point increase from last week’s average of 6.93%. For homebuyers and refinancers, even a small change can impact long-term affordability. Here’s a breakdown of today’s key mortgage rate
00:00 Speaker A Well, mortgage rates hold steady for another week. Affordability does remain remain a pain point in the housing market. Our next guests point into a mixed picture in leading indicators for demand. That’s Jim Egan, Morgan Stanley US Housing strategist and co-head of securitized Products research. Jim’s here with me in the
The average interest rate for a 30-year fixed mortgage edged up to 6.94% on Monday, a slight increase of one basis point from both the previous day and last week. This minor fluctuation comes as potential homebuyers and those considering a refinance closely watch for clearer signals from the economy. Meanwhile, other popular loan types