June 14, 2025 – USA: Mortgage rates inched higher today, reflecting a mix of market uncertainty and global events. According to data from Zillow, the average 30-year fixed mortgage rate rose to 6.94%, up slightly from 6.92% the day before. While this marks a modest increase, it’s still lower than last week’s average of 6.99%, offering cautious optimism for homebuyers.
The 15-year fixed mortgage rate also rose, now sitting at 6.02%, while adjustable-rate mortgages (ARMs) have seen mixed changes, with 5/1 ARM rates at 7.29%, down 33 basis points from last week.
Current Mortgage Rates – June 14, 2025
| Loan Type | Today’s Rate | 1-Week Change |
|---|---|---|
| 30-Year Fixed | 6.94% | ⬇ 5 bps |
| 15-Year Fixed | 6.02% | ⬆ 2 bps |
| 20-Year Fixed | 6.53% | ⬇ 30 bps |
| 10-Year Fixed | 6.03% | ⬆ 10 bps |
| 5/1 ARM | 7.29% | ⬇ 33 bps |
| 7/1 ARM | 7.58% | ⬇ 24 bps |
Meanwhile, VA and FHA loan rates continue to show movement. The 30-year VA fixed rate stands at 6.40%, and the 30-year FHA loan rate has risen to 7.00%.
Global Factors and Economic Outlook
Today’s rate movement comes as international tensions escalate, including fresh reports of Israeli military action in Iran, which rattled global markets. The uncertainty has led investors to shift assets into commodities like oil and gold, driving up the 10-year Treasury yield—a key benchmark for mortgage rates.
At the same time, political pressure on the Federal Reserve to consider rate cuts continues to mount, especially as inflation appears to cool slightly in key sectors.
Refinance Rates Edge Up
If you’re considering refinancing, be aware that refinance rates have also crept higher. The 30-year fixed refinance rate is now at 7.18%, while 15-year refinance loans average 6.12%. While rates remain historically high, they are not far from where they were in early 2024, and some forecasts suggest slight easing toward the end of the year.
| Refinance Loan Type | Today’s Rate |
|---|---|
| 30-Year Fixed | 7.18% |
| 20-Year Fixed | 6.53% |
| 15-Year Fixed | 6.12% |
| 10-Year Fixed | 6.03% |
| 5/1 ARM | 5.97% |
What’s Ahead for Mortgage Rates?
Experts predict that mortgage rates may stabilize in the 6.7%–7.0% range for the remainder of 2025. According to Freddie Mac and J.P. Morgan, buyers might see some mild downward movement by the fourth quarter, though inflation and global uncertainty will continue to play a role.
Homebuyers and homeowners considering refinancing are advised to monitor rates closely and speak with a mortgage advisor to evaluate the best timing.
While mortgage rates today are slightly elevated, they remain within a relatively stable range. With global events and Fed decisions influencing future trends, staying informed is key to making the right home financing decision.