A naukri.com initiative
Forbes
2d
97
Image Credit: Forbes
Mortgage Rates Today: June 13, 2025 – 30-Year and 15-Year Rates Hold Firm
- Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.76%, up 0.03% from the previous week.
- Borrowers might save on interest costs with a 15-year fixed mortgage, currently at an average APR of 5.79%, despite higher monthly payments.
- The average refinance rate is worth checking if you want to refinance your existing mortgage.
- The 30-year fixed-rate mortgage has an average APR of 6.79%.
- With a 30-year fixed mortgage at 6.76%, borrowing $100,000 costs around $650 monthly in principal and interest.
- Today's 15-year mortgage rate is at 5.74%, with an APR of 5.79%.
- For a 15-year fixed mortgage at 5.74%, the monthly principal and interest for $100,000 is about $830.
- The average interest rate on a 30-year fixed-rate jumbo mortgage is 7.03%, down 2.06% from last week.
- Mortgage rates fluctuated post-spring 2024, with recent changes influenced by Federal Reserve decisions and global events.
- Various economic factors impact mortgage rates, making future rate predictions challenging.
- Factors affecting mortgage rates include the Federal Reserve's decisions, U.S. Treasury bond yields, and global financial disruptions.
- Improving finances and creditworthiness can help borrowers qualify for competitive mortgage rates.
- Homebuyers can benefit from good credit scores, low debt-to-income ratios, and substantial down payments to secure better mortgage terms.
- Conventional mortgages offer competitive rates for credit scores between 670-850, while government-backed programs cater to low or no down payment scenarios.
Read Full Article
5 Likes
For uninterrupted reading, download the app