Best Mortgage Refinance Rates - Jul. 24, 2025
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18hon MSN
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.87% from 5.92% last week. A year ago, it was 6.07%, Freddie Mac said.
A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
Safely unlock your home's value with these standout lenders and useful tips to help you avoid costly mistakes.
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As more homes remain on the market longer, buyers are closely watching mortgage rates to see if there's an opportunity to save money.
Reverse Mortgage Daily rounds out the rest of the national top 10 based on data from mortgage recruiting software provider Modex.
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