Mortgage rates across the U.S. remained mostly stable on Friday, June 27, 2025, according to Zillow. The national average for a 30-year fixed mortgage held steady at 6.73%, offering some consistency for homebuyers navigating a volatile market.
Current national averages
As of Friday morning, mortgage rates are trending as follows:
- 30-year fixed: 6.73% (unchanged from last week)
- 20-year fixed: 6.03% (down 0.55%)
- 15-year fixed: 5.75% (down 0.22%)
- 10-year fixed: 5.59% (down 0.34%)
- 5-year ARM: 7.60% (up 0.40%)
- 7-year ARM: 6.78% (down 0.65%)
Government-backed loans also saw modest shifts:
- 30-year FHA: 7.25% (down 0.07%)
- 30-year VA: 6.26% (down 0.14%)
- 15-year FHA: 5.88% (up 0.29%)
- 15-year VA: 5.73% (down 0.19%)
Jumbo loans followed suit:
- 30-year fixed jumbo: 7.39% (up 0.12%)
- 15-year fixed jumbo: 7.12% (up 0.52%)
- 5-year ARM jumbo: 8.07% (up 0.36%)
Week-over-week trend highlights
The 30-year fixed rate dropped by 18 basis points compared to last Friday’s 6.91%. Shorter-term and adjustable rates saw more dynamic movement, especially among jumbo and ARM products.
What influences mortgage rates right now?
Several key factors continue to drive mortgage rate fluctuations:
- Federal Reserve policy: While the Fed has paused rate hikes, inflation signals could impact future moves.
- Economic data: Consumer spending, employment figures, and CPI updates all affect investor sentiment.
- Market demand: Buyer activity and lender competition contribute to rate adjustments.
How to secure the best mortgage rate
Homebuyers and refinancers can improve their odds of a favorable rate by:
- Shopping around and comparing lenders
- Requesting multiple loan estimates
- Increasing down payments (20% or more preferred)
- Improving credit scores before applying
- Considering adjustable-rate options for short-term ownership plans
Should you buy or refinance now?
If you’re ready to purchase or refinance, locking in a rate now may help protect against potential increases. However, those expecting significant rate drops may choose to wait. The best decision depends on your financial readiness, loan type, and homeownership timeline.
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