U.S. Mortgage Refinance Rates Rise 7 Basis Points Amid Market Shifts

Mortgage rates in the U.S. have experienced notable fluctuations in late June 2025, impacting borrowers' decisions on refinancing and new home loans. The national average for a 30-year fixed refinance rate increased slightly to 7.07%, reflecting broader economic influences such as Federal Reserve policies and bond market activity. Meanwhile, the 5-year Adjustable Rate Mortgage (ARM) has seen mixed movements, with rates rising to 7.71% on June 26, then slightly easing to 7.54% by June 27, highlighting the volatility and complexity of ARM products compared to fixed-rate mortgages. Fixed-rate mortgages, including 20-year and 30-year terms, offer payment stability but differ significantly in total interest costs, with shorter terms providing potential interest savings despite higher monthly payments. In a related but distinct development, the Trump administration has directed federal housing agencies to consider cryptocurrency assets in mortgage risk assessments, signaling an institutional shift toward recognizing digital assets in home financing. This policy aims to incorporate crypto holdings without requiring conversion to U.S. dollars at loan closing, though it emphasizes assets held on U.S.-regulated exchanges to mitigate risks.