Mortgage Rates Today: As of June 9, 2025, mortgage rates have shown stability with slight changes in some categories, offering potential benefits to prospective homebuyers and homeowners considering refinancing options.
The average 30-year fixed mortgage rate remains steady at 6.85%, reflecting no change from last week. However, the 15-year fixed mortgage rate has slightly decreased to 6.14%, offering an opportunity for borrowers to secure a better rate on shorter-term loans.
With economic factors and bond market movements in play, borrowers are encouraged to keep a close eye on future rate shifts, as experts predict that rates could rise in the coming weeks.
Current Mortgage Rates – June 9, 2025
| Loan Type | Rate | Change |
|---|---|---|
| 30-Year Fixed Mortgage | 6.85% | No Change |
| 20-Year Fixed Mortgage | 6.67% | No Change |
| 15-Year Fixed Mortgage | 6.14% | -0.02% |
| 5/1 ARM | 7.21% | +0.05% |
| 7/1 ARM | 7.41% | +0.03% |
| 30-Year VA | 6.47% | +0.02% |
| 15-Year VA | 5.91% | -0.04% |
| 5/1 VA ARM | 6.44% | +0.02% |
Mortgage refinance rates have also seen minor adjustments, with a slight drop in 15-year fixed refinance rates, now at 6.16%. This trend provides an opportunity for homeowners looking to refinance to lock in lower rates before they potentially rise again.
Current Refinance Rates – June 9, 2025
| Loan Type | Rate | Change |
|---|---|---|
| 30-Year Fixed Refinance | 6.89% | No Change |
| 20-Year Fixed Refinance | 6.71% | No Change |
| 15-Year Fixed Refinance | 6.16% | -0.01% |
| 5/1 ARM Refinance | 7.65% | +0.02% |
| 7/1 ARM Refinance | 7.96% | +0.03% |
| 30-Year VA Refinance | 6.43% | +0.02% |
| 15-Year VA Refinance | 6.17% | +0.02% |
| 5/1 VA ARM Refinance | 6.20% | +0.02% |
What Borrowers Should Know
While today’s rates offer a degree of stability, experts suggest that the bond market’s behavior could impact mortgage rates soon. The yield on the 10-year Treasury bond, a critical indicator of long-term borrowing costs, rose recently, which may signal upward pressure on mortgage rates in the near term.
Homebuyers and homeowners interested in refinancing should consider locking in current rates to avoid potential increases later this month.
The slight dip in some rates, such as the 15-year fixed mortgage, is favorable for buyers looking for short-term loans.
Additionally, adjustable-rate mortgages (ARMs) remain a viable option for those planning to sell or refinance within a few years, although they come with inherent risk due to rate adjustments after the initial period.
For borrowers seeking to refinance, the stability in the 30-year fixed refinance rate means that locking in a rate today could still provide long-term savings.
However, those considering a shorter loan term or government-backed loans might find better opportunities with a slight rate reduction in the 15-year fixed or VA options.
As mortgage rates remain relatively stable with slight adjustments, it’s a good time for potential buyers to assess their options. Whether refinancing or securing a new mortgage, borrowers should keep a close eye on market conditions.
The possibility of rising rates in the coming weeks makes it important to act quickly, especially for those who are eligible for lower-rate loans. Always compare rates and terms across different loan types to ensure you’re making the best financial decision based on your long-term goals