Mortgage Rates Today – June 19, 2025: No Significant Rise Seen After Fed’s Decision

If you’re in the market for a new home or mulling over refinancing, mortgage rates are probably on your radar. As of June 19, 2025, the national average for a 30-year fixed mortgage has crept up to 6.94%, just a hair higher than yesterday’s 6.91%. That’s a small jump, but compared to last week’s 6.93%, it’s up by a single basis point. Refinance rates? They’re hanging tight—more on that soon.

Whether you’re buying or refinancing, knowing what’s driving these numbers can help you figure out your next move. Let’s break it all down so you’re not just staring at a bunch of percentages.

Mortgage Rates Today – June 19, 2025: No Significant Rise Seen After Fed's Decision

Here’s the Scoop:

• 30-year fixed mortgage rate: Now at 6.94%—a tiny nudge up from yesterday.
• 15-year fixed mortgage rate: Climbed to 5.99%, a slight shift.
• 5-year ARM mortgage rate: Steady as a rock at 7.03%.
• 30-year refinance rate: Chillin’ at 7.13%, no change there.
• 15-year fixed refinance rate: Holding firm at 6.00%.
• 5-year ARM refinance rate: Sitting pretty at 5.94%.
• Why this matters: The Federal Reserve’s keeping its federal funds rate steady, which is why rates are still on the higher side.
• Inflation check-in: May’s inflation hit 2.4%, close to the Fed’s 2% sweet spot. Promising, but the Fed’s not budging yet.

For anyone juggling homeownership dreams or loan options, mortgage and refinance rates are a big piece of the puzzle. The Fed’s latest call to leave its benchmark rate alone is rippling through the market, nudging rates where they are today. Let’s dive into the nitty-gritty.

Today’s Mortgage Rates: What’s Cooking?

Here’s the rundown on mortgage rates as of right now:

Loan Type	Current Rate	1W Change	APR	1W Change
30-Year Fixed Rate	6.94%	+0.01%	7.31%	-0.08%
20-Year Fixed Rate	6.65%	+0.15%	6.95%	+0.04%
15-Year Fixed Rate	5.99%	-0.02%	6.23%	-0.08%
10-Year Fixed Rate	5.87%	-0.13%	6.23%	-0.04%
7-Year ARM	7.63%	+0.30%	8.09%	+0.17%
5-Year ARM	7.03%	-0.30%	7.73%	-0.13%

Data Source: Zillow

Government Loans

Got your eye on a government-backed option? Here’s what’s up:

Loan Type	Current Rate	1W Change	APR	1W Change
30-Year Fixed Rate FHA	6.73%	+0.01%	7.75%	+0.01%
30-Year Fixed Rate VA	6.56%	-0.01%	6.78%	0.00%
15-Year Fixed Rate FHA	5.86%	+0.08%	6.82%	+0.08%
15-Year Fixed Rate VA	6.06%	+0.09%	6.42%	+0.12%

If you qualify for something like a VA loan, that slight dip in the 30-year rate might catch your eye.

Refinance Rates: Should You Make a Move?

Considering a refinance? Here’s where rates stand today:

• The 30-year fixed refinance rate is steady at 7.13%, down a smidge from last week’s 7.16%.
• The 15-year fixed refinance rate isn’t budging at 6.00%.
• The 5-year ARM refinance rate? Still at 5.94%.

Refinancing could shake up your monthly payments or save you cash long-term if you snag a better rate than what you’ve got. But with rates hovering where they are, it’s worth crunching the numbers.

Refinance Rate Snapshot:

Loan Type for Refinance	Current Rate	1W Change	APR	1W Change
30-Year Fixed Rate Refinance	7.13%	-0.03%	7.71%	-0.05%
20-Year Fixed Rate Refinance	6.65%	0.00%	6.96%	-0.05%
15-Year Fixed Rate Refinance	6.00%	0.00%	6.23%	-0.08%
10-Year Fixed Rate Refinance	5.85%	-0.15%	6.10%	-0.08%
5-Year ARM Refinance	5.94%	0.00%	6.95%	-0.10%

Data Source: Zillow

What’s Behind These Rate Shifts?

Rates don’t just bounce around for fun—they’re tied to stuff like the Federal Reserve’s moves, the economy, and inflation. In May 2025, inflation clocked in at 2.4%, pretty close to the Fed’s 2% target. That’s why they’re holding steady for now. Picture rates like the tides: they ebb and flow with bigger forces, and keeping an eye on them helps you time your decisions.

How Rates Are Trending

Let’s zoom in on what’s happening:

• 30-Year Fixed Rates: That little bump hints at a stable market, but it could mean pricier homes for buyers.
• 15-Year Fixed Rates: A small drop might tempt folks who want to own their place outright sooner.
• Refinancing: With the 30-year refinance rate at 7.13%, it’s a maybe for those with higher rates on their current loans—could be a chance to save.

What Does This Mean for You?

Here’s the real talk on how today’s rates might hit your plans:

• Buying a home? Higher rates could give you pause, especially if your budget’s tight. Some folks might hold off, hoping for a dip later.
• Refinancing? If your current rate’s above 7.13%, it might be worth exploring. But if you’re already sitting on something lower, you’re probably good to stay put.

Practical Tips for Today’s Rate Environment

Navigating these rates doesn’t have to be overwhelming. Here’s how to play it smart:

1. Shop around like it’s Black Friday: Lenders vary—sometimes by a lot. Get quotes from banks, credit unions, and online lenders to find the best rate.

2. Fixed vs. ARM: A 30-year fixed at 6.94% offers predictability. A 5-year ARM at 7.03% might start lower but could climb later—great if you’re moving soon, risky if you’re staying put.

3. Rate locks are your friend: If you find a rate you like, lock it in. Rates can shift daily, and you don’t want to get caught off guard.

4. Boost your credit: A higher score can snag you a lower rate. Pay down debt and check your report for errors.

5. Think long-term: Closing costs for refinancing can run $3,000-$5,000. Make sure you’ll stay in your home long enough to recoup that.

First-Time Buyer Bonus Tips

If you’re new to this, today’s rates might feel daunting. Here’s some extra advice:

• Look at government loans: FHA loans at 6.73% or VA loans at 6.56% could be more affordable if you qualify.

• Start small: A 15-year fixed at 5.99% means higher payments but less interest over time—perfect if you can swing it.

• Save more upfront: A bigger down payment lowers your loan amount and might get you a better rate.

What’s on the Horizon?

Everyone wants to know: where are rates headed? Experts are split. If inflation keeps cooling and the Fed cuts rates later in 2025, we could see mortgage rates dip to the low 6% range. But if the economy picks up steam or inflation stalls, rates might stick around—or climb past 7%. For now, stability seems to be the name of the game.

Some analysts point to the Fed’s next meeting in July 2025 as a potential turning point. Others say global events—like trade shifts or energy prices—could throw a curveball. Bottom line? No one’s got a crystal ball, but staying informed gives you an edge.

Final Thoughts

Mortgage rates are a moving target, and at 6.94% for a 30-year fixed, they’re not exactly low—but they’re not sky-high either. Whether you’re buying, refinancing, or just watching from the sidelines, it’s all about timing, preparation, and knowing your options. Keep tabs on the trends, run the numbers, and don’t be afraid to ask questions. Your dream home—or a smarter loan—might be closer than you think.

Bottom line: Mortgage and refinance rates are a tug-of-war between economic trends and personal choices. Every little shift can nudge your finances one way or another, so staying in the loop is your best play.