{"id":1227,"date":"2025-07-10T10:52:15","date_gmt":"2025-07-10T10:52:15","guid":{"rendered":"http:\/\/ft365.org\/index.php\/2025\/07\/10\/mortgage-rates-rise-amid-market-uncertainty-bankrate\/"},"modified":"2025-07-10T10:52:15","modified_gmt":"2025-07-10T10:52:15","slug":"mortgage-rates-rise-amid-market-uncertainty-bankrate","status":"publish","type":"post","link":"http:\/\/ft365.org\/index.php\/2025\/07\/10\/mortgage-rates-rise-amid-market-uncertainty-bankrate\/","title":{"rendered":"Mortgage Rates Rise Amid Market Uncertainty | Bankrate"},"content":{"rendered":"
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Mortgage rates moved up this week, with the 30-year fixed rate averaging 6.78 percent, compared to 6.72 percent the previous week, according to Bankrate\u2019s latest lender survey. <\/p>\n<\/p><\/div>\n

Current mortgage rates<\/h2>\n
\n\n\n\n\n\n\n\n
Loan type<\/th>\nCurrent<\/th>\n4 weeks ago<\/th>\nOne year ago<\/th>\n52-week average<\/th>\n52-week low<\/th>\n<\/tr>\n<\/thead>\n
30-year<\/td>\n6.78%<\/td>\n6.90%<\/td>\n7.04%<\/td>\n6.80%<\/td>\n6.20%<\/td>\n<\/tr>\n
15-year<\/td>\n5.95%<\/td>\n6.09%<\/td>\n6.38%<\/td>\n6.03%<\/td>\n5.40%<\/td>\n<\/tr>\n
30-year jumbo<\/td>\n6.78%<\/td>\n6.88%<\/td>\n7.06%<\/td>\n6.84%<\/td>\n6.36%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The 30-year fixed mortgages in this week\u2019s survey had an average total of 0.32 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.<\/p>\n

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Shop smarter for mortgage rates <\/h3>\n

Bankrate connects you to the latest lender offers, tailored to you. Find your low rate today.<\/p>\n

Explore mortgage rates <\/p>\n<\/div><\/div>\n

Monthly mortgage payment at today\u2019s rates<\/h2>\n

The national median family income for 2025 is $104,200, according to the U.S. Department of Housing and Urban Development, and the median price of an existing home sold in May 2025 was $422,800, according to the National Association of Realtors. Based on a 20 percent down payment and a 6.78 percent mortgage rate, the monthly payment of $2,201 amounts to 25 percent of the typical family\u2019s monthly income.<\/p>\n

\u201cAffordability is still a challenge,\u201d says Lisa Sturtevant, chief economist at Bright MLS, a listing service in the Mid-Atlantic region. \u201cSome buyers are waiting both for rates and prices to come down before they get into the market.\u201d\u00a0\u00a0<\/p>\n

What will happen to mortgage rates in 2025?<\/h2>\n

Last month, the Federal Reserve decided to leave the federal funds rate untouched. Mortgage rates didn\u2019t respond to the Fed\u2019s three consecutive cuts last year \u2014 a reminder that fixed mortgage rates are not set directly by the Fed but by investor appetite, particularly for 10-year Treasury bonds. When there\u2019s uncertainty in the market, investors buy Treasury bonds, which in turn drives yields \u2014 and, often, mortgage rates \u2014 downward.<\/p>\n

President Donald Trump\u2019s tariff policies spurred a spasm of market swings that included 10-year Treasury yields briefly dropping below 4 percent. As of Wednesday afternoon, they stood at 4.3 percent.<\/p>\n

\u201cA Fed on hold aligns with our forecast for little change in mortgage rates for the time\u00a0being,\u201d says Mike Fratantoni, chief economist at the Mortgage Bankers Association.<\/p>\n

Another factor is inflation, which remains persistently higher than the Fed\u2019s target of 2 percent. The Labor Department reported that inflation had edged up to 2.4 percent in May, an uptick from April, but still tame enough to relieve some of the pressure on mortgage rates.<\/p>\n

Even with the volatility in markets, housing economists say mortgage rates are likely to move gradually rather than dramatically. \u201cWith inflation easing and uncertainty around tariffs and Fed policy continuing to weigh on markets, investors have shifted toward safer assets like Treasurys,\u201d says Samir Dedhia, CEO of One Real Mortgage. \u201cAs yields drop, mortgage-backed securities have found firmer footing, allowing mortgage rates to come down across the board.\u201d<\/p>\n