Lowest Rates in Over 2 Months
By: Mortgage News Daily | Published: 2025-06-25 19:21:00 | Source: www.mortgagenewsdaily.com
The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of modest improvement brings us to the lowest levels since April 4th as of today.
April 4th is probably a day that’s worth remembering. If rates take out that particular floor, it would signify some more serious momentum toward lower borrowing costs. Reason being: April 4th’s MND rate index was 6.6%–almost 0.20% lower than today’s 6.79%.
Rates jumped abruptly after April 4th as the bond market reacted to a sharply stronger jobs report. They continued higher the following week after the tariff “pause.”
Today’s improvement is really more a reflection of yesterday afternoon’s bond market strength. As a…
