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Current Mortgage Interest Rates on Jul. 23, 2025
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Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.
Existing-home sales fell to the lowest level since September while sale prices climbed to a record high. Mortgage rates need to drop for sales to meaningfully pick back up, one economist says.Existing-home sales in June fell to a seasonally adjusted annual rate of 3.
Mortgage rates retreated this week, with the 30-year fixed rate averaging 6.76 percent, compared to 6.81 percent the previous week, according to Bankrate’s latest lender survey.
Mortgage rates hold steady July 23, 2025, with 30-year fixed at 6.625%. Trump hints at capital gains tax cut for home sales.
Home sales could fall to a new three-decade low in 2025 as elevated mortgage rates continue to crimp affordability, a new forecast says.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
A new company offers a software tool that allows buyers and agents to find sellers with low-rate mortgages that can be transferred.
Mortgage demand barely moved last week as interest rates slightly increased. Demand is still better, however, than it was a year ago.
As more homes remain on the market longer, buyers are closely watching mortgage rates to see if there's an opportunity to save money.
It's been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That winning streak finally ended today, but just barely.
Fannie Mae recently revised its mortgage rate forecas t to increase its year-end projections from 6.2% to 6.5%, as rates prove more stubborn than expected. Now, homebuyers can expect to face an unaffordable housing market for the foreseeable future.
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