Mortgage Rates Drop Again, National Average at 6.75%
Latest Mortgage Rate Trends and Market Analysis A significant drop in mortgage rates is reshaping the lending environment. The national average 30-year fixed rate declined to 6.75-6.82% in mid to late June 2025. This marks a notable decrease from May's levels, which were above 6.97%. Market fluctuations across various loan products reflect broader economic shifts. 15-year fixed rates are holding between 6.00% and 6.24%. Adjustable-rate options maintain positions between 6.33% and 6.75%. The downward trend stems from multiple market forces. These include stabilizing inflation expectations and geopolitical pressures affecting bond yields. Such factors have created new borrower strategies in the lending marketplace. Jumbo mortgages average 6.89%. They demonstrate slightly higher pricing than conforming loans, though they too experienced modest declines. Regional variations persist. Urban markets show more pronounced rate fluctuations compared to suburban and rural areas. Here, lendin...