Refinance rates were mixed, but one key rate tapered off. Even a slightly lower interest rate can save you money on your home loan.

Mortgage rates are up, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.74%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.

Mortgage rates in the U.S. showed mixed movement on July 2, 2025, as homebuyers continue watching for signs of relief in a still-tight housing market. Nationally, the 30-year fixed mortgage rate ticked up slightly to 6.76%, according to data from Zillow.