Mortgage Refinance Rates on Jul. 17, 2025
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15hon MSN
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%.
The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers.
Mortgage rates on July 17, 2025, hold steady as 30-year fixed sits at 6.625%. Here’s what today’s numbers mean for buyers and refinancers.
“Treasury yields finished higher last week on average despite an intra-week drop, driven partly by renewed concerns of the impact of tariffs on the economy,” says Joel Kan, deputy chief economist at the Mortgage Bankers Association.
The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.
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Mortgage applications dropped 10.0% amid rising interest rates and post-holiday adjustments. Refinance activity declined 7%, while purchase app