Best Mortgage Refinance Rates - Jul. 18, 2025
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Key Takeaways Mortgage rates have been elevated for the better part of three years, and many are anxious to see them move lower.While a modest drop in mortgage rates will help improve market conditions,
July 18 mortgage rates hold steady at 6.625% as builders offer discounts and incentives to attract hesitant buyers.
The typical monthly payment on a median-priced $440,950 home at today’s 6.75% mortgage rate is roughly $2,288. (That’s assuming a 20% down payment and excluding tax and insurance.) Last week, a median-priced home at a 6.72% mortgage rate would have cost homebuyers $2,281 per month—$7 more than what buyers would pay today.
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Mortgage rates moved higher for the second week in a row, according to Freddie Mac. The average rate on a 30-year loan reached 6.75%.
While any rate watcher's bingo card should always have a few squares devoted to "unchanged, flat, etc.," this week's had at least as many squares reserved for a big reaction to inflation data. Specifically,
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Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
Mortgage rates are falling and there are some eye-catching deals out there – some below 4%. But do these deals apply to everyone? And how do you know what mortgages you will be eligible for? Darren Po
As property taxes and homeowner insurance premiums continue rising, homeowners are struggling to keep up with their mortgage payments.