<ul data-eligibleForWebStory="false"><li>The current average mortgage rate on a 30-year fixed mortgage has fallen to 6.61%, with the APR on a 15-year fixed mortgage dropping to 5.57%.</li><li>Borrowers paid an average rate of 6.61% on a 30-year mortgage, down from last week’s 6.65%. The APR on a 30-year fixed-rate mortgage is currently 6.64%.</li><li>Mortgage rates are influenced by economic factors like U.S. Treasury bond yields and the Federal Reserve’s decisions, making predictions on rate changes challenging.</li><li>Factors affecting mortgage rates include the economy's health, benchmark interest rates, and borrower-specific factors, with steps like maintaining good credit, a lower DTI ratio, and a 20% down payment helping secure competitive rates.</li></ul>

Mortgage Rates Today: July 3, 2025 – Rates Stand Still

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