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Mortgage Rates Today: June 5, 2025 – Rates Fall
- The current average mortgage rate on a 30-year fixed mortgage is 6.81%, with a 15-year mortgage at 5.77% and a 30-year jumbo mortgage at 7.21%.
- Today's average rate on a 30-year fixed mortgage is 6.81%, down 1.70% from last week, with an APR of 6.84%.
- Interest on a $100,000 loan at 6.81% for 30 years will cost $653 per month in principal and interest, totaling $135,629 in interest.
- The 15-year mortgage rate is 5.77%, down from 5.93% last week, with an APR of 5.82%.
- A 15-year mortgage at 5.77% will cost $831 per month in principal and interest on a $100,000 loan, totaling approximately $50,120 in interest.
- Today's average interest rate on a 30-year fixed-rate jumbo mortgage is 7.21%, down from last week's 7.53%.
- Mortgage rates surged in October 2024 despite Federal Reserve rate cuts, and experts do not anticipate significant drops soon.
- Rates follow U.S. Treasury bond yields, influenced by Fed decisions and global events, with no major rate drops foreseen.
- The Fed's monetary policy impacts long-term rates, influenced by the economy and housing market conditions.
- Home loan borrowers can secure better rates with good credit, low DTI ratio, and exploring programs without additional charges.
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