Mortgage Rates Take Another Step Toward April Lows
By: Mortgage News Daily | Published: 2025-06-30 19:28:00 | Source: www.mortgagenewsdaily.com
April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the “mid 6’s.” Many lenders were able to quote 6.5% at the time. Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have taken us within striking distance.
The average lender is now only 0.07% higher than they were on April 4th and that’s a gap that can be traversed in as little as one day under the right circumstances. If it is destined to be traversed in the near feature, it would likely be due to exceptional weakness in the forthcoming economic data–especially Thursday’s big jobs report.
Conversely, if this week’s economic data surprises to the upside, it would likely coincide with rates bouncing here…
