A naukri.com initiative
Forbes
4w
182
Image Credit: Forbes
Mortgage Rates Today: June 17, 2025 – 30-Year and 15-Year Rates Hold Steady
- The current average mortgage rate on a 30-year fixed mortgage is 6.81% with an APR of 6.84%, while the 15-year fixed mortgage has an average rate of 5.81% with an APR of 5.86%. For a 30-year jumbo mortgage, the average rate is 7.08% with an APR of 7.10%.
- Borrowers paid an average rate of 6.81% on a 30-year mortgage, down from the previous week's rate of 6.9%.
- The APR on a 30-year fixed-rate mortgage is 6.84%, lower than last week's 6.93%.
- A $100,000 mortgage with a 30-year fixed-rate loan at 6.81% interest will cost around $653 per month, totaling $135,653 in interest over the loan's life.
- Today's 15-year fixed mortgage rate is 5.81%, down from the previous week's 5.91%, with an APR of 5.86%.
- A 15-year fixed-rate mortgage at 5.81% interest on a $100,000 loan will cost $834 per month, with around $50,556 in total interest.
- The current average rate on a 30-year fixed-rate jumbo mortgage is 7.08%, down from last week's 7.29%.
- Mortgage rates fluctuated post-spring 2024, surged in October 2024 despite Fed rate cuts, and began dropping again in mid-January 2025.
- The Fed's decisions significantly impact mortgage rates, and global events like the Covid-19 pandemic can also influence rate changes.
- Lower mortgage rates may be possible if inflation eases or the economy weakens, but significant decreases are unlikely in the near future.
- Shop around and compare lenders to find the best mortgage deal, considering fees, services, and closing assistance offered by each lender.
Read Full Article
10 Likes
For uninterrupted reading, download the app