House & Home
Tue, July 29, 2025
[ Today @ 03:30 PM ]: HousingWire
[ Today @ 02:31 PM ]: HousingWire
[ Today @ 01:30 PM ]: Reason.com
[ Today @ 01:10 PM ]: Investopedia
[ Today @ 12:52 PM ]: Southwest Times Record
[ Today @ 12:50 PM ]: WSB-TV
[ Today @ 12:10 PM ]: The Daily Advertiser
[ Today @ 09:51 AM ]: Wall Street Journal
[ Today @ 09:30 AM ]: BBC
[ Today @ 09:10 AM ]: FOX 5 Atlanta
[ Today @ 08:51 AM ]: fingerlakes1
[ Today @ 07:10 AM ]: BBC
[ Today @ 06:50 AM ]: Milwaukee Journal Sentinel
[ Today @ 06:30 AM ]: Cleveland.com
[ Today @ 04:31 AM ]: CNET
[ Today @ 04:30 AM ]: CNET
[ Today @ 04:11 AM ]: Fortune
[ Today @ 03:53 AM ]: reuters.com
[ Today @ 03:51 AM ]: Fortune
[ Today @ 01:10 AM ]: CBS News
Mon, July 28, 2025
[ Yesterday Evening ]: WBAY
[ Yesterday Evening ]: InStyle
[ Yesterday Evening ]: WGME
[ Yesterday Evening ]: KLTN
[ Yesterday Evening ]: CNET
[ Yesterday Afternoon ]: Local 12 WKRC Cincinnati
[ Yesterday Afternoon ]: Seeking Alpha
[ Yesterday Afternoon ]: Fox 11 News
[ Yesterday Afternoon ]: Newsweek
[ Yesterday Afternoon ]: al.com
[ Yesterday Afternoon ]: HuffPost
[ Yesterday Afternoon ]: Journal Star
[ Yesterday Afternoon ]: London Evening Standard
[ Yesterday Afternoon ]: Investopedia
[ Yesterday Afternoon ]: Fortune
[ Yesterday Morning ]: Military Times
[ Yesterday Morning ]: Forbes
[ Yesterday Morning ]: ABC Kcrg 9
[ Yesterday Morning ]: Lincoln Journal Star
[ Yesterday Morning ]: fingerlakes1
[ Yesterday Morning ]: Wall Street Journal
[ Yesterday Morning ]: BBC
[ Yesterday Morning ]: WSMV
[ Yesterday Morning ]: BBC
[ Yesterday Morning ]: The Courier-Journal
[ Yesterday Morning ]: London Evening Standard
[ Yesterday Morning ]: CNET
[ Yesterday Morning ]: Fortune
[ Yesterday Morning ]: NOLA.com
Sun, July 27, 2025
[ Last Sunday ]: deseret
[ Last Sunday ]: CNN
[ Last Sunday ]: Fortune
[ Last Sunday ]: Longview News-Journal
[ Last Sunday ]: The Citizen
[ Last Sunday ]: WTOP News
[ Last Sunday ]: news4sanantonio
[ Last Sunday ]: CBS 58 News
[ Last Sunday ]: BBC
[ Last Sunday ]: 14 NEWS
[ Last Sunday ]: Fox News
[ Last Sunday ]: The Scotsman
[ Last Sunday ]: The Globe and Mail
[ Last Sunday ]: reuters.com
[ Last Sunday ]: BBC
[ Last Sunday ]: Hackaday
[ Last Sunday ]: Impacts
[ Last Sunday ]: Wall Street Journal
[ Last Sunday ]: Action News Jax
[ Last Sunday ]: Newsweek
Sat, July 26, 2025
[ Last Saturday ]: deseret
[ Last Saturday ]: HousingWire
[ Last Saturday ]: WLAX La Crosse
[ Last Saturday ]: CBS News
[ Last Saturday ]: Realtor.com
[ Last Saturday ]: WFXR Roanoke
[ Last Saturday ]: Investopedia
[ Last Saturday ]: OPB
[ Last Saturday ]: Daily Record
[ Last Saturday ]: fingerlakes1
[ Last Saturday ]: BBC
Fri, July 25, 2025
[ Last Friday ]: Newsweek
[ Last Friday ]: The Independent
[ Last Friday ]: Missoulian
[ Last Friday ]: Fox 11 News
[ Last Friday ]: HousingWire
[ Last Friday ]: Investopedia
[ Last Friday ]: Auburn Citizen
[ Last Friday ]: wjla
[ Last Friday ]: Investopedia
[ Last Friday ]: nbcnews.com
[ Last Friday ]: CNN
[ Last Friday ]: Wall Street Journal
[ Last Friday ]: fingerlakes1
[ Last Friday ]: CNET
[ Last Friday ]: CNET
[ Last Friday ]: Fortune
[ Last Friday ]: rnz
[ Last Friday ]: WPTV-TV
Thu, July 24, 2025
[ Last Thursday ]: London Evening Standard
[ Last Thursday ]: HousingWire
[ Last Thursday ]: The Motley Fool
[ Last Thursday ]: Realtor.com
[ Last Thursday ]: fingerlakes1
[ Last Thursday ]: HousingWire
[ Last Thursday ]: The News-Herald
[ Last Thursday ]: Fox 11 News
[ Last Thursday ]: Forbes
[ Last Thursday ]: Investopedia
[ Last Thursday ]: Seeking Alpha
[ Last Thursday ]: The Hill
[ Last Thursday ]: Fox News
[ Last Thursday ]: Wall Street Journal
[ Last Thursday ]: Forbes
[ Last Thursday ]: RTE Online
[ Last Thursday ]: ABC7 San Francisco
[ Last Thursday ]: Newsweek
[ Last Thursday ]: fingerlakes1
[ Last Thursday ]: CNET
[ Last Thursday ]: CNET
[ Last Thursday ]: Fortune
[ Last Thursday ]: Fortune
[ Last Thursday ]: yahoo.com
[ Last Thursday ]: HELLO! Magazine
[ Last Thursday ]: Seattle Times
Wed, July 23, 2025
[ Last Wednesday ]: nbcnews.com
[ Last Wednesday ]: WJHL Tri-Cities
[ Last Wednesday ]: KUTV
[ Last Wednesday ]: ABC
[ Last Wednesday ]: WSB-TV
[ Last Wednesday ]: KKTV11
[ Last Wednesday ]: The Independent
[ Last Wednesday ]: CBS News
[ Last Wednesday ]: wjla
[ Last Wednesday ]: HousingWire
[ Last Wednesday ]: KUTV
[ Last Wednesday ]: news4sanantonio
[ Last Wednesday ]: HousingWire
[ Last Wednesday ]: CBS News
[ Last Wednesday ]: ABC
[ Last Wednesday ]: WNYT NewsChannel 13
[ Last Wednesday ]: BBC
[ Last Wednesday ]: CNBC
[ Last Wednesday ]: NBC New York
[ Last Wednesday ]: Investopedia
[ Last Wednesday ]: news4sanantonio
[ Last Wednesday ]: KOB 4
[ Last Wednesday ]: KOB 4
[ Last Wednesday ]: Realtor.com
[ Last Wednesday ]: fingerlakes1
[ Last Wednesday ]: Global News
[ Last Wednesday ]: Wall Street Journal
[ Last Wednesday ]: Fox News
[ Last Wednesday ]: Forbes
[ Last Wednesday ]: The West Australian
[ Last Wednesday ]: Realtor.com
[ Last Wednesday ]: KHQ
[ Last Wednesday ]: abc7NY
[ Last Wednesday ]: London Evening Standard
[ Last Wednesday ]: Newsweek
[ Last Wednesday ]: The Irish News
[ Last Wednesday ]: The New York Times
[ Last Wednesday ]: CNET
[ Last Wednesday ]: CNET
[ Last Wednesday ]: Fortune
[ Last Wednesday ]: BBC
[ Last Wednesday ]: nbcnews.com
[ Last Wednesday ]: Fortune
[ Last Wednesday ]: Seeking Alpha
Tue, July 22, 2025
[ Tue, Jul 22nd ]: wtvr
[ Tue, Jul 22nd ]: Deseret News
[ Tue, Jul 22nd ]: news4sanantonio
[ Tue, Jul 22nd ]: WDBJ
[ Tue, Jul 22nd ]: the-sun.com
[ Tue, Jul 22nd ]: Local 12 WKRC Cincinnati
[ Tue, Jul 22nd ]: WWLP Springfield
[ Tue, Jul 22nd ]: Fox News
[ Tue, Jul 22nd ]: Investopedia
[ Tue, Jul 22nd ]: BBC
[ Tue, Jul 22nd ]: News 8000
[ Tue, Jul 22nd ]: Denver Gazette
[ Tue, Jul 22nd ]: nbcnews.com
[ Tue, Jul 22nd ]: ABC
[ Tue, Jul 22nd ]: CNN
[ Tue, Jul 22nd ]: Fortune
[ Tue, Jul 22nd ]: Associated Press
[ Tue, Jul 22nd ]: CBS News
[ Tue, Jul 22nd ]: Sports Illustrated
[ Tue, Jul 22nd ]: 24/7 Wall St
[ Tue, Jul 22nd ]: The Spokesman-Review
[ Tue, Jul 22nd ]: London Evening Standard
[ Tue, Jul 22nd ]: fingerlakes1
[ Tue, Jul 22nd ]: Wall Street Journal
[ Tue, Jul 22nd ]: Newsweek
[ Tue, Jul 22nd ]: USA TODAY
[ Tue, Jul 22nd ]: CNET
[ Tue, Jul 22nd ]: CNET
Mortgage Rates Go Down Over the Last Week: Today's Mortgage Rates on July 29, 2025
//house-home.news-articles.net/content/2025/07/2 .. week-today-s-mortgage-rates-on-july-29-2025.html
Published in House and Home on Tuesday, July 29th 2025 at 4:30 GMT by CNET🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Any drop in mortgage rates is good news for homebuyers, but rates still remain high compared to a few years ago.
Mortgage Rates Dip Over the Past Week: Today's Rates as of July 29, 2025
In a welcome development for prospective homebuyers and those looking to refinance, mortgage rates have seen a noticeable decline over the last seven days. As of July 29, 2025, the average rate for a 30-year fixed mortgage stands at 6.45%, down from 6.58% just a week ago. This drop, while modest, could translate into significant savings for borrowers, especially in a housing market that's been grappling with elevated interest rates for the better part of the last few years. Similarly, the 15-year fixed mortgage rate has eased to 5.82%, compared to 5.95% last week, offering even more attractive terms for those who prefer shorter loan durations and faster equity building.
This downward trend isn't isolated to fixed-rate mortgages. Adjustable-rate mortgages (ARMs) have also followed suit, with the average 5/1 ARM rate falling to 6.12% from 6.25% over the same period. For homebuyers in volatile markets or those planning to sell within a few years, ARMs can provide lower initial rates, though they come with the risk of future adjustments based on market conditions. Jumbo loans, which cater to higher-value properties exceeding conforming loan limits, have seen their rates decrease to 6.70% from 6.85%, making luxury home financing slightly more accessible.
To put these changes into perspective, it's essential to understand the broader economic forces at play. Mortgage rates are heavily influenced by the Federal Reserve's monetary policy, inflation trends, and overall economic health. Over the past week, signals from the Fed have hinted at potential rate cuts later in the year, driven by cooling inflation data and a softening job market. The Consumer Price Index (CPI) released earlier this month showed inflation easing to 3.2% year-over-year, down from previous highs, which has bolstered investor confidence in bonds. Since mortgage rates often track the yield on 10-year Treasury notes, this has contributed to the recent dip.
Experts point out that while rates are trending downward, they're still elevated compared to the historic lows seen during the pandemic era. For instance, in early 2021, 30-year fixed rates hovered around 2.7%, a far cry from today's figures. This elevation has kept many potential buyers on the sidelines, contributing to a sluggish housing market with inventory levels remaining tight in many regions. However, the recent decline could signal the beginning of a more favorable environment. "We're seeing the first signs of relief after a prolonged period of high rates," notes a senior economist at a leading financial analysis firm. "If inflation continues to moderate and the Fed acts accordingly, we could see rates drop further into the fall."
For those considering a home purchase or refinance, timing is crucial. Locking in a rate now might secure today's lower figures before any potential reversals, but waiting could yield even better deals if the downward trend persists. Financial advisors recommend shopping around with multiple lenders, as rates can vary by as much as 0.5% between providers. Credit scores play a pivotal role too; borrowers with scores above 740 often qualify for the best rates, potentially saving thousands over the life of the loan.
Diving deeper into the types of mortgages available, the 30-year fixed remains the most popular choice for its predictability. With payments spread over three decades, it offers lower monthly obligations, ideal for first-time buyers or those stretching their budgets. The current average of 6.45% means that on a $300,000 loan, monthly principal and interest payments would be approximately $1,888, excluding taxes and insurance. That's down from about $1,920 a week ago, illustrating the tangible impact of even small rate reductions.
On the other hand, the 15-year fixed at 5.82% appeals to those aiming to pay off their homes quicker and save on interest. For the same $300,000 loan, payments jump to around $2,500 per month, but the total interest paid over the loan's life is significantly less—potentially half that of a 30-year term. This option is particularly attractive in a declining rate environment, as refinancing later could further optimize costs.
Adjustable-rate options like the 5/1 ARM start with a fixed rate for five years before adjusting annually. At 6.12%, the initial payments are lower than fixed rates, making it a strategic choice for short-term homeowners. However, with rate caps typically in place (e.g., 2% per adjustment and 5% lifetime), borrowers are somewhat protected from drastic spikes. Jumbo mortgages, often used for homes over $750,000 in most areas, carry slightly higher rates due to increased risk for lenders, but the recent drop to 6.70% could encourage more activity in high-end markets like California and New York.
Regional variations add another layer to the story. In the Midwest, where housing is more affordable, rates might be slightly lower due to less competition, while coastal areas see premiums from high demand. For example, in states like Texas and Florida, which have seen population booms, rates are aligning closely with national averages but with added pressure from insurance costs amid climate concerns.
Looking ahead, several factors could influence future movements. The upcoming jobs report and any Fed announcements will be key. If unemployment ticks up without sparking recession fears, it might prompt more aggressive rate cuts. Conversely, persistent inflation or geopolitical tensions could reverse the trend. Homebuyers should also consider the impact of election-year policies, as changes in tax laws or housing incentives could sway affordability.
For those navigating this landscape, preparation is key. Improving your credit score by paying down debt and avoiding new credit inquiries can unlock better rates. Additionally, exploring government-backed loans like FHA or VA options might offer lower down payments and more lenient qualifications, with rates often mirroring or undercutting conventional ones. FHA loans, for instance, are averaging around 6.30% for 30-year terms this week.
In terms of refinancing, the math is straightforward: If your current rate is above 7%, today's averages could justify the switch, especially with closing costs averaging 2-5% of the loan amount. Tools like mortgage calculators can help estimate break-even points, typically within 2-3 years for most scenarios.
The housing market's response to these rate changes is already evident. New home sales ticked up slightly last month, and pending sales are showing signs of recovery. Builders are offering incentives like rate buydowns to lure buyers, effectively reducing effective rates by 1-2% for the first few years. This competitive landscape benefits consumers, but it also underscores the importance of due diligence.
Ultimately, while mortgage rates have dipped over the last week, providing a glimmer of hope, the path forward remains uncertain. Prospective buyers should weigh their personal finances, long-term plans, and market signals carefully. Consulting with a financial advisor or mortgage professional can provide tailored insights, ensuring decisions align with individual goals. As we move into the latter half of 2025, keeping an eye on economic indicators will be crucial for capitalizing on any further declines. This evolving scenario highlights the dynamic nature of personal finance, where even small shifts in rates can have profound effects on homeownership dreams. (Word count: 1,048)
Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/mortgages/mortgage-rates-go-down-over-the-last-week-todays-mortgage-rates-on-july-29-2025/ ]
Similar House and Home Publications
[ Yesterday Morning ]: fingerlakes1
[ Yesterday Morning ]: Fortune
[ Yesterday Morning ]: CNET
[ Last Sunday ]: Wall Street Journal
[ Last Friday ]: Investopedia
[ Last Friday ]: CNET
[ Last Thursday ]: CNET
[ Last Wednesday ]: Wall Street Journal
[ Tue, Jul 22nd ]: Investopedia
[ Mon, Jul 21st ]: Wall Street Journal
[ Mon, Jul 21st ]: Investopedia
