Mortgage Rates 📢 June 23rd, 2025

INTEREST RATES

10 year 3 – Month Snapshot

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

💡 Why This Matters

📉 Rates dipped, but gains are limited
Conventional and jumbo rates improved by 0.125%, offering a small break. But technical resistance in the bond market is keeping mortgage rates from dropping further.

🌍 Middle East conflict could impact markets
New U.S. airstrikes in Iran raise the risk of oil disruptions. If uncertainty continues, we could see more money move into bonds, which helps rates temporarily.

🏡 More homes, but buyers are holding back
Inventory is rising, yet sales remain weak. There’s clear pent-up demand, but many buyers are waiting for a bigger rate drop that hasn’t come yet.

📅 All eyes on jobs and consumer spending
With inflation cooling, the next major driver will be economic growth. A soft jobs report or weaker consumer data could finally pull rates lower.

🔎 Realtor Insight:

Inventory is loosening and rates nudged down, but the window isn’t wide open. Now’s the time to push pre-approved buyers to act before momentum stalls again.