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Mortgage Rates Dip Amid Signs of Rising Unemployment: Today's Rates, June 5, 2025
- On June 5, 2025, the national average 30-year fixed mortgage rate declined to 6.88% from 6.90% the day before, continuing a recent downward trend.
- This rate drop follows a period of steady Federal Reserve interest rates and emerging economic strain, especially in the labor market and trade uncertainties.
- Refinance rates also fell to 7.04% from 7.16%, encouraging homeowners to consider refinancing despite upfront costs of 2-5% of the loan amount.
- Lawrence Yun from the National Association of Realtors noted that pent-up housing demand grows while experts expect rates to stay between 6% and 7% in the near term.
- The lower rates improve affordability and buyer optimism, likely increasing market activity, though rates are predicted to remain elevated amid ongoing uncertainty.
44 Articles
44 Articles
Mortgage Rates Fall Slightly, But Borrowers Need More Relief
Mortgage rates fell across the board this week, breaking a four-week streak of increases. The average rate on the 30-year fixed-rate mortgage fell 12 basis points to 6.95% for the week ending June 5, according to rates provided to NerdWallet…
The average price of new mortgage transactions continues to fall month by month. In April he signed the eighth consecutive monthly fall and drilled the level of 2.8% for the first time since November 2022, according to the latest data from the Banco de España. Read
Average Mortgage Rates Decline Amid Economic Concerns
timesng.com: WASHINGTON, D.C. — Average mortgage rates have dipped slightly, providing some relief for prospective homebuyers facing high housing costs. As of June 5, 2025, the average 30-year fixed-rate mortgage rate is now 6.97 percent, down from 7.02 percent a week prior. This decline comes as the U.S. economy shows signs of strain, particularly in the […] This post Average Mortgage Rates Decline Amid Economic Concerns appeared first on Avera…
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- 41% of the sources are Center, 41% of the sources lean Right
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