<ul><li>Today's average mortgage rate for a 30-year fixed loan is 6.87%, with a 15-year mortgage at 5.86% and a 30-year jumbo mortgage at 7.25%.</li><li>The APR on a 30-year fixed mortgage is 6.9% while a 15-year fixed has an APR of 5.91%.</li><li>Interest rates have fluctuated, with the 30-year rate lower this week and the 15-year rate down to 5.86%.</li><li>Different economic factors influence mortgage rates making it challenging to predict any significant decreases soon.</li><li>Federal Reserve decisions, U.S. Treasury bond yields, and global events impact mortgage rates.</li><li>The state of the economy and housing market also influence mortgage rates.</li><li>Shop around among lenders for the best mortgage rates and consider fees and closing assistance offered.</li><li>Mortgage rates remain high due to limited housing supply, continuing to pose challenges for homebuyers seeking affordable options.</li><li>Factors like credit score, debt-to-income ratio, and down payment size can help homebuyers qualify for better rates.</li><li>Choose from different mortgage loan types based on individual advantages and affordability.</li></ul>

Mortgage Rates Today: June 3, 2025 – 30-Year Rates Steady, 15-Year Rates Down

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