US Mortgage Rates Decline Across Major Loan Types June 2025

Mortgage rates across the United States showed a declining trend as of late June 2025, providing a favorable environment for homebuyers and those considering refinancing. The national average for a 30-year fixed mortgage hovered around 6.72% to 6.74%, marking a drop of roughly 17 to 19 basis points from previous weeks, with the 15-year fixed mortgage rate also decreasing to approximately 5.73% to 5.74%. Despite the overall rate decreases, refinance rates for 30-year fixed loans slightly increased to about 7.12%, highlighting the need for homeowners to carefully evaluate refinancing options. Adjustable-Rate Mortgages (ARMs) such as the 5-year ARM were reported at rates near 7.49%, slightly down from prior weeks, offering lower initial payments but with potential rate adjustments after the fixed period. Experts advise prospective borrowers to monitor daily rate fluctuations, compare offers from multiple lenders, and consider financial goals when choosing between fixed and adjustable-rate mortgages. Overall, the lower rates improve home affordability and may stimulate increased activity in the housing market during the second half of 2025.