Mortgage Rates 📢 July 7th, 2025

INTEREST RATES

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 Stabilize After Recent Rally
After several weeks of steady declines, mortgage rates have paused their slide. Most products held flat compared to last week, with Jumbo loans ticking up by 0.125%, showing that lenders are still cautious in the higher loan amount space. Conventional rates remain around 6.625%, and FHA/VA options are hovering near 6%, maintaining the improved affordability many buyers have recently welcomed.

📊 10-Year Treasury Rebounds
The 10-year Treasury yield found support near 4.2% and bounced higher to around 4.4%. This bounce is key—when Treasury yields rise, mortgage rates often follow. The upward move suggests some resistance to further rate improvement without a strong catalyst like weaker economic data or a flight to safety in bonds.

🗂️ Market Drivers to Watch

🔍 Jobs Reports & Inflation Data
Last week’s softer labor market signals helped rates ease, but this week brings fresh economic reports, including jobless claims and small business optimism. If data comes in stronger than expected, it could pressure rates back up.

💡 Realtor Insight
While rates aren’t dropping further for now, they’re still below recent highs. Use this lull to reconnect with clients who were priced out earlier this year. It’s a smart time to encourage buyers to get fully underwritten and lock in before Treasury yields or fresh economic surprises push costs higher again.