Mortgage Refinance Rates on Jul. 17, 2025
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July 18 mortgage rates hold steady at 6.625% as builders offer discounts and incentives to attract hesitant buyers.
Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.
Lower mortgage rates may motivate more people to buy houses, but it will take a bigger drop in borrowing costs to create more home sellers and lead to lower home prices, economists said.
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NerdWallet on MSNWeekly Mortgage Rates Rise as Tariffs’ Effects EmergeThe numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of inflation rose 0.3% from May to June, and was up 2.7% compared to June 2024. In other words, if it feels like everyday goods cost more, it's because many of them do.
Mortgage applications dropped 10.0% amid rising interest rates and post-holiday adjustments. Refinance activity declined 7%, while purchase app
But in 2023 the average rate on a 30-year fixed mortgage was 6.8%, its highest in 22 years. Last year it was only slightly lower. And so the tricks of 40 years ago are back. Mr Sabic is among a small but growing band of homebuyers who have taken over their seller’s mortgage.
Tariffs are pushing 10-year Treasury yields higher—here’s why that could mean bad news for your mortgage refinancing plans and long-term borrowing costs.
High housing costs, soaring interest rates, and a shortage of available homes continue to challenge potential buyers across the country. With 30-year mortgage rates nearing 7%, many are left wondering about relief.