Mortgage Rates Today, June 18, 2025: 30-Year Fixed Rate Dips to 6.90%.

The national average for a 30-year fixed mortgage is currently 6.90%, a minor decrease of one basis point from the previous day, according to the latest data from Zillow. This rate is also down three basis points compared to last week’s average of 6.93%.

Other key mortgage products also saw declines. The average 15-year fixed mortgage rate fell to 5.95%, while the 5-year adjustable-rate mortgage (ARM) saw a more significant drop to 6.98%.

Today’s National Rate Snapshot

For borrowers with strong credit (740 or higher) and a down payment of at least 20%, today’s average rates for conforming loans present a nuanced picture:

Loan Program	Current Interest Rate	1-Day Change	1-Week Change
30-Year Fixed	6.90%	Down 0.01%	Down 0.03%
15-Year Fixed	5.95%	Down 0.02%	Down 0.06%
5-Year ARM	6.98%	Down 0.17%	Down 0.36%

This data underscores a period of slight moderation in rates, giving potential buyers a small window of opportunity. While the movements are not drastic, they reverse some of the upward trends seen in previous months.

How Different Loan Types Compare

Beyond conventional loans, rates for government-backed and jumbo loans also shifted:

FHA Loans: The 30-year fixed FHA rate is currently 6.92%.
VA Loans: Offering one of the most competitive rates, the 30-year fixed VA loan stands at 6.47%.
Jumbo Loans: For larger loan amounts, the 30-year fixed jumbo rate is averaging 7.16%.

These variations highlight the importance for borrowers to explore the specific loan types for which they qualify.

Peace be with you

Updated: 2025 Boston Real Estate Blog