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Mortgage Rates Fall: Experts Predict Stability Until 2025

6/26/2025

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Summary

Mortgage Rates Decline

The average 30-year fixed mortgage rate decreased to 6.78%, down from 6.88% last week.
The 15-year fixed mortgage rate fell to 5.73%, down from 5.81%.
Jumbo mortgage rates dropped, with the 30-year rate now at 7.08%.
Experts predict mortgage rates will stabilize in the mid-to-high 6% range until early 2025.
Key influences on rates include Federal Reserve policies and overall economic conditions.

Summary

Savers Secure High-Yield

The Federal Reserve held interest rates steady at 4.25%-4.50% in June, monitoring inflation and labor market conditions.
Competitive CD rates have decreased, with a 12-month CD falling from 5.15% to 4.20% over the past year.
Experts advise securing high-yield CDs now, as short-term options currently outperform long-term rates.
Online banks and credit unions offer better CD yields due to reduced overhead.
Savers should act promptly to avoid diminished returns if the Fed lowers rates again.

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Mortgage Rates Decline

The average 30-year fixed mortgage rate decreased to 6.78%, down from 6.88% last week.
The 15-year fixed mortgage rate fell to 5.73%, down from 5.81%.
Jumbo mortgage rates dropped, with the 30-year rate now at 7.08%.
Experts predict mortgage rates will stabilize in the mid-to-high 6% range until early 2025.
Key influences on rates include Federal Reserve policies and overall economic conditions.

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