Current Mortgage Refinance Rates for Jul. 10, 2025
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The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.77% from 6.79%, with points holding steady at 0.62, including the origination fee, for loans with a 20% down payment. That was the lowest level in three months.
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The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
Mortgage refinance rates are expected to inch down over the coming months, but are unlikely to drop below 6.5% without multiple interest rate cuts and weaker economic data.
Mortgage rates tend to fluctuate day by day. So if you’re planning to buy a home, it’s a good idea to keep a close watch on interest rates and weigh various mortgage options. One common type of mortgage is a conventional loan with a 15-year fixed interest rate.
An out-of-date mantra that once lured in prospective homebuyers is being criticized by mortgage originators who say clients were “misled.”
If your mortgage rate is 1% higher than today's averages, a refinance might be worth it. Here's what to know. Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking ...
Mortgage rates just broke a five-week streak of declines, with some averages inching up from recent lows. Here's where rates—and monthly payments—stand now.
Mortgage rates holding stubbornly above 6.6% leave many people stuck with higher monthly costs and no path to refinance