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Mortgage Rates Today: June 18, 2025 – 30-Year and 15-Year Rates Stand Still
- Current average mortgage rates for 30-year and 15-year fixed mortgages are 6.79% and 5.79% respectively, with jumbo mortgages at 7.08%.
- The average 30-year mortgage rate decreased from 6.86% to 6.79% this week, while the APR dropped from 6.89% to 6.82%.
- Borrowers with a $100,000 30-year mortgage at 6.79% can expect to pay around $651 monthly and $135,245 in total interest.
- The 15-year fixed-rate mortgage also saw a decline from 5.87% to 5.79%, with the APR down to 5.84%.
- For a $100,000 15-year mortgage at 5.79%, borrowers may pay about $833 per month and $50,314 in total interest.
- Rates on 30-year jumbo mortgages dropped to 7.08% from the previous week.
- A $100,000 30-year jumbo mortgage at 7.08% will cost approximately $671 monthly and $141,883 in total interest.
- Despite fluctuations, experts do not foresee significant drops in mortgage rates in the near future.
- Various economic factors, U.S. Treasury bond yields, Federal Reserve decisions, and global events influence mortgage rate changes.
- Predicting future rate drops remains challenging due to these multifaceted influences.
- It is recommended to understand your budget using a mortgage calculator before house hunting.
- Mortgage interest rates are influenced by uncontrollable factors, but borrowers can focus on improving credit scores and debt-to-income ratio to secure lower rates.
- Different mortgage loan programs offer distinct advantages, catering to various borrower needs.
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