Mortgage Refinance Rates on Jul. 17, 2025
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Will mortgage rates fall after the July Fed meeting? What experts expect. Industry experts generally don't foresee meaningful mortgage rate drops right after the July Fed meeting.
3hon 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%.
Despite all of the economic data and news headlines over the past few days, mortgage rates have barely budged since last Friday. That was not what we expected this week given the anticipation for the inflation reports that came out on Tuesday and Wednesday.
Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.
Mortgage applications dropped 10.0% amid rising interest rates and post-holiday adjustments. Refinance activity declined 7%, while purchase app
Renewed concerns over tariffs and the broader economy drove treasury yields higher last week, and mortgage rates followed. As a result, total mortgage application volume dropped 10% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
Stubbornly high mortgage rates have left leery homeowners and potential home buyers reluctant to take the plunge, according to a new Bankrate survey.