As of July 11, 2025, mortgage rates remain mixed, with the 30-year fixed at 6.625% and 15-year rates at 5.75%.

Mortgage rates just broke a five-week streak of declines, with some averages inching up from recent lows. Here's where rates—and monthly payments—stand now.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.77% from 6.79%, with points holding steady at 0.62, including the origination fee, for loans with a 20% down payment. That was the lowest level in three months.

Today’s mortgage rates: 30-year fixed at 6.625%, 15-year at 5.75%. Explore trends and what buyers should know now.

Applications for mortgages jumped 9.4% for the week ending July 4, as purchase activity reached its highest level since 2023. The surge comes as mortgage rates fell to 6.77%, the lowest reading in three months.

F or the vast majority of homeowners, there's currently little financial incentive to refinance their mortgages. So far in 2025, average mortgage rates have remained elevated, consistently hovering between 6.5% and 7% due to ongoing economic uncertainty.

Help from the Fed is unlikely to arrive this month as 95% of interest rate traders say the federal funds rate will remain unchanged in July.