Mortgage and Refinance Rates for June 30, 2025: Rates Hold Steady

In-Depth Analysis

Current mortgage rates, based on Zillow data:

30-year fixed: 6.53%
20-year fixed: 6.08%
15-year fixed: 5.71%
5/1 ARM: 7.00%
7/1 ARM: 7.08%
30-year VA: 6.12%
15-year VA: 5.45%
5/1 VA: 6.16%

Refinance rates are slightly higher:

30-year fixed: 6.61%
20-year fixed: 6.21%
15-year fixed: 5.86%
5/1 ARM: 7.19%
7/1 ARM: 7.22%
30-year VA: 6.17%
15-year VA: 5.89%
5/1 VA: 5.90%

**Actionable Takeaways:**

Use a mortgage calculator to estimate monthly payments, considering factors like property taxes and homeowners insurance.
A 30-year mortgage at 6.53% on a $300,000 loan results in a monthly payment of approximately $1,902, with $384,766 paid in interest over the loan's life.
A 15-year mortgage at 5.71% on the same amount increases the monthly payment to $2,485 but reduces the total interest paid to $147,266.

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FAQ

What are interest rates today?

As of June 30, 2025, the national average 30-year fixed rate is 6.53%, the 15-year fixed rate is 5.71%, and the 5/1 ARM rate is 7%.

What is considered a normal mortgage rate right now?

A normal mortgage rate for a 30-year fixed loan is around 6.53%, though this can vary by location.

Will mortgage rates drop down significantly?

Experts predict that mortgage rates are unlikely to decrease significantly in the near future.

Takeaways

Mortgage rates are holding steady, with slight decreases in some areas.
Waiting for a significant drop in rates may not be the best strategy.
Consider buying sooner to start building equity and refinance later if rates decrease.
Use mortgage calculators to understand the impact of different rates and terms on your monthly payments.

Discussion

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Sources

Mortgage Interest Rates Today: Mortgage Rates Retreat Again After Fed Chair’s Congressional Testimony Home buyers have more ‘negotiating power’ (finally), and mortgage rates have fallen from 2025 highs. 5 pros on what’s next Mortgage and refinance interest rates today for June 30, 2025: Rates hold steady

Disclaimer

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