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- Mortgage Rates 📢 June 2nd, 2025
Mortgage Rates 📢 June 2nd, 2025
Mortgage Rates Flat or Slightly Higher ↔️⬆️.
Glenn Groves
June 02, 2025
INTEREST RATES
10 year 3 - Month Snapshot
Product | Rate / APR | 3 Week Change |
|---|---|---|
↔️ Conv. | 6.875% / 6.928% | +.000% |
⬆️ Conv. HB | 7.125% / 7.194% | +.125% |
↔️ JUMBO | 6.750% / 6.794% | +.000% |
⬆️ FHA 3.5% DP | 6.250% / 7.238% | +.125% |
↔️ VA 0% DP | 6.250% / 6.500% | +.000% |
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
Mortgage Rates: Flat to Slightly Higher
Over the past 3 weeks, rates have held steady or ticked up slightly. Today, FHA and high-balance loans bumped up about 0.125%, but most products remain near recent highs.
Trend: Modestly higher since mid-May, despite today's dip
Why: Trade tensions, inflation concerns, and cautious Fed tone
🔮 What Could Move Rates Next?
📊 This Week: Jobs data (ADP & BLS) — strong = higher rates
🔥 Next Week: CPI/PPI — any upside surprise means more pressure
🧊 Bottom Line: No rate relief unless the labor market breaks or inflation cools fast
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