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Mortgage Rates Today: June 23, 2025 – Rates Hold Steady
- Today's mortgage rates show a 6.77% interest rate on a 30-year fixed mortgage, 5.77% on a 15-year, and 7.01% on a 30-year jumbo mortgage.
- A 30-year mortgage rate of 6.77% means $650 monthly payments and $134,717 total interest for a $100,000 loan.
- The APR for a 30-year fixed mortgage is 6.8%, and for a 15-year mortgage, it's 5.82%.
- At a 5.77% rate, a 15-year mortgage incurs around $832 monthly payments and $50,149 total interest.
- Borrowers with a 30-year jumbo mortgage at 7.01% would pay $666 per month and $140,162 in total interest per $100,000 borrowed.
- Mortgage rates rose after falling in spring 2024, despite some Federal Reserve rate cuts.
- Experts predict no significant rate drops soon, with rates influenced by economic factors and Federal Reserve decisions.
- Factors impacting rates include U.S. Treasury bond yields, inflation, and global events.
- To get better rates, maintain good credit, low DTI ratios, and explore loan programs meticulously to avoid unnecessary charges.
- Comparing rates from various lenders and understanding loan programs like FHA, VA, and conventional loans can help borrowers find the best rates.
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