Best Mortgage Refinance Rates - Jul. 18, 2025
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In a week marked by wild headlines, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads.
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%.
Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected, rates tend to rise, all other things being equal. But today's inflation numbers were a bit lower than the median forecast.
A surprise jump in inflation and signs of persistent wage growth this week has led Goldman Sachs to downgrade its Bank of England rate cut expectations for the rest of the year. The US investment bank Goldman still expects a rate cut in August from 4.
US mortgage rates rose for the second straight week, with the 30-year rate hitting 6.75%, worsening an ongoing housing market slump as affordability continues to deter prospective homebuyers.
Two more high street banks have announced mortgage rate cuts today in the latest round of home loan repricing.
JPMorgan Chase and Wells Fargo saw a surge in mortgage originations in Q2 2025, but the gains in volume came with lower margins.
The long-term rate ticked up to 6.72% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.89%.
Experts predict a stable 2026 housing market with slower price growth, rising inventory, and steady demand. Here's what to expect.
Australia's financial outlook anticipates a Reserve Bank of Australia (RBA) cash rate cut of 25 basis points on July 8, 2025, lowering the rate to 3.60%. Westpac, Commonwealth Bank, and NAB predict this cut due to lower inflation,
Homeownership is often seen as a cornerstone of the American Dream. But for some who bought in recent years, it’s become a costly source of stress.
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