mortgage market trends
Industry News
30-Year Mortgage Rates Drop to 6.85% for First Time in Month
Gregg Kell
June 30, 2025
In recent weeks, the landscape of 30-year mortgage rates has taken a noteworthy turn, as the average rate fell to 6.85%, marking the first decline in a month.This shift in current mortgage rates comes at a critical juncture for homebuyers, who are grappling with elevated borrowing costs.
