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Mortgage Rates Steady Amid Inflation and Job Concerns

7/15/2025

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Summary

Story summary

Average mortgage rates hold steady: 30-year fixed at 6.68% and 15-year fixed at 5.67%.
Economic indicators show a neutral outlook, but inflation reports may sway future rates.
Job data and tariff concerns have nudged the 30-year fixed rate closer to 7%.
The upcoming Consumer Price Index report will highlight tariffs' effects on inflation.
Borrowers should evaluate fixed versus variable-rate mortgages based on financial stability and market trends.

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Story summary

Average mortgage rates hold steady: 30-year fixed at 6.68% and 15-year fixed at 5.67%.
Economic indicators show a neutral outlook, but inflation reports may sway future rates.
Job data and tariff concerns have nudged the 30-year fixed rate closer to 7%.
The upcoming Consumer Price Index report will highlight tariffs' effects on inflation.
Borrowers should evaluate fixed versus variable-rate mortgages based on financial stability and market trends.