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1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errorsThe latest U.S. weekly mortgage-rate figures available on Thursday, June 19, 2025, were published by Freddie Mac the day before: 6.81% for a 30-year fixed mortgage and 5.96% for a 15-year fixed mortgage. Both averages slipped from the prior week, but they are survey benchmarks—not live June 19 quotes or guaranteed refinance offers for individual borrowers.
Freddie Mac’s latest weekly averages
Freddie Mac’s Primary Mortgage Market Survey (PMMS), released Wednesday, June 18, reported the following national averages:
| Loan term | June 18, 2025 | June 12, 2025 | Weekly change |
|---|---|---|---|
| 30-year fixed | 6.81% | 6.84% | Down 0.03 percentage point |
| 15-year fixed | 5.96% | 5.97% | Down 0.01 percentage point |
The “slide down again” was modest but continued a three-reading run of weekly declines. Freddie Mac’s 30-year average went from 6.85% on June 5 to 6.84% on June 12 and 6.81% on June 18. Its 15-year average moved from 5.99% to 5.97% to 5.96% over the same dates. Freddie Mac Chief Economist Sam Khater said in the June 18 release: “Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low.” Freddie Mac’s June 18 release and its PMMS archive provide the readings.
Why the figures are not personal refinance rates
PMMS focuses on conventional, conforming, fully amortizing home-purchase loans for borrowers with 20% down and excellent credit. That is a defined survey population, not a quote tailored to a refinance applicant. A lender’s offer can differ based on the borrower, property, loan amount, equity, credit profile, loan structure, points and fees, among other details. The June 18 benchmark therefore cannot by itself establish what a borrower would pay or whether refinancing would save money.
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Other June figures use different measures
Several contemporaneous figures offer context, but they should not be read as competing versions of the same rate:
- FHFA monthly average: The Federal Housing Finance Agency reported an average 30-year mortgage rate of 6.82% for June 2025, unchanged from May. This is a monthly measure, unlike Freddie Mac’s June 18 weekly reading. FHFA also reported that cash-out refinances accounted for 61% of refinance share in June, up from 55% in May. See the FHFA June report.
- MBA weekly application survey: For the week ending June 13, 2025, the Mortgage Bankers Association reported that mortgage applications fell 2.6% from the previous week. Refinance applications made up 37.3% of total applications, up from 36.7%. Its average contract rate for conforming 30-year fixed loans was 6.84%, with 0.66 points including the origination fee. The MBA contract-rate figure is a separate survey measure and period from Freddie Mac’s PMMS average. See the MBA weekly survey.
How to judge whether refinancing could work for you
Compare borrower-specific written estimates rather than relying on a national average. Ask lenders to quote the same loan amount and term on the same day so the offers are meaningfully comparable. Review the full cost and structure, not only the interest rate:
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- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
- Interest rate and annual percentage rate (APR)
- Points, lender fees and total closing costs
- Monthly payment and the new loan term
- Any cash-out amount, if applicable
- How long it would take potential savings to offset the costs
A lower payment can result from extending the repayment period, even when the total interest paid over time rises. Consider the costs alongside your current loan and how long you expect to keep the home and new mortgage. The published averages do not supply a universal break-even rule; the result depends on your own estimates and plans.
Quick Recap
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- The mortgage is a huge part of buying a house and you should know your options, figure your monthly payments (using mortgage calculator), understand the different mortgage loan types, learn what is emi and mortgage insurance etc.
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
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