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Mortgage Rates Today: June 25, 2025 – 30-Year Rates Steady, 15-Year Rates Down
- The current 30-year fixed mortgage rate dropped by 1.37% to 6.7%, while the 15-year fixed rate decreased to 5.69%.
- Borrowers can assess their current mortgage rates against the available refinance rates for potential savings.
- For a $100,000 mortgage at 6.7%, the total interest over 30 years is approximately $132,993; for a 15-year mortgage at 5.69%, total interest is around $49,310.
- The 30-year fixed jumbo mortgage rate is 6.97%, costing about $663 per $100,000 per month.
- Mortgage rates have been influenced by economic factors, with predictions uncertain; Fed actions and global events impact rates.
- Long-term mortgage rates are rising due to the Federal Reserve's monetary policy and economic factors.
- Shopping around, comparing lender offers, and maintaining good credit impact qualifying for better mortgage rates.
- Limited housing supply and elevated rates pose challenges for prospective homebuyers.
- Borrowers can explore various loan programs and lenders to secure favorable mortgage rates and terms.
- Economic indicators like Federal Reserve decisions and inflation rates influence the direction of mortgage rates.
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