Mortgage rates hold steady July 23, 2025, with 30-year fixed at 6.625%. Trump hints at capital gains tax cut for home sales.

With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it could mean for mortgage rates. After years of relatively high borrowing costs, even the slightest dip could open doors for those hoping to buy or refinance. But the path forward is far from clear.

The likelihood of a rate cut in July is low, but at least one member of the Federal Open Market Committee is advocating for one.

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.

Today's 30-year mortgage rate is 6.625%, with 15-year rates at 5.75%. Here's how to get the best rate and what we're watching this week.

Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.

Yes, the Federal Reserve could cut interest rates later this year. Or, maybe it won't. In any case, a Fed reduction offers no guarantee that mortgage rates will go down.

Though another 0.25% Fed rate cut this month looks likely, it won't result in an equal or immediate decline in mortgage rates. Moreover, the Fed is likely to slow the pace of rate cuts in 2025, ...