Best Mortgage Refinance Rates - Jul. 18, 2025
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The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
This morning brought another inflation report. Given the negative reaction to yesterday's inflation data, there was some cause for concern. Thankfully, today's data was more unequivocally acceptable for the bond market and--thus--interest rates.
Purchase applications declined to the slowest pace since May while refinance applications also took a nosedive.