Best Mortgage Refinance Rates - Jul. 18, 2025
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July 18 mortgage rates hold steady at 6.625% as builders offer discounts and incentives to attract hesitant buyers.
With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it could mean for mortgage rates. After years of relatively high borrowing costs, even the slightest dip could open doors for those hoping to buy or refinance. But the path forward is far from clear.
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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%.
In a week marked by wild headlines, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads.
As the housing market continues to evolve in the shadow of persistent inflation and shifting buyer behavior, this week’s economic data provides important clues for both policymakers and home shoppers.
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