US Mortgage and Refinance rates June 4th 2025 – A Mixed Bag of Ups and Down
David Garner
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US Mortgage Rates – June 4th, 2025: A Mixed Bag of Ups and Downs
On June 4, 2025, US mortgage rates showed some slight upward movement for the national average 30-year fixed rate, climbing to 6.98%.
This marks a minor increase of 1 basis point from the previous day but is still lower than the average rate from the week prior. For those looking to finance a home purchase or considering a refinance of an existing loan, understanding these current mortgage trends is crucial.
Let’s dive deeper into the specifics of today’s rates across different loan types and explore what these numbers mean for you.
🔍 Key Takeaways:
- ⬆️ The national average 30-year fixed mortgage rate is currently 6.98%, up slightly from yesterday but down from last week.
- ⬆️ 15-year fixed mortgage rates have also seen a small increase, reaching 5.99%.
- ⬆️ Refinance rates for a 30-year fixed loan are at 7.25%, showing a modest rise from the previous day and a slight decrease from the week before.
- ⚖️ Rates vary significantly depending on the loan type (conforming, government, jumbo) and loan term.
- ⌚ Experts predict mortgage rates in 2025 to potentially moderate slightly towards the end of the year.
📈 Current Mortgage Rate Overview
Keeping a close eye on today’s mortgage rates is essential whether you’re a first-time homebuyer, looking to upgrade, thinking about refinancing your existing mortgage, or an investor looking to purchase real estate.
Several factors influence these rates daily, and even small fluctuations can impact your monthly payments and the overall cost of your loan over time. According to data released by Zillow, as of Wednesday, June 4, 2025, the national average for a 30-year fixed-rate mortgage has edged up slightly.
It’s interesting to note that while the daily change shows a slight increase, the weekly trend for the popular 30-year fixed rate indicates a decrease. This suggests that while there might be some short-term volatility, the overall direction in the past week has been slightly downward. For prospective homeowners and investors this could be a signal to keep monitoring the market closely for potential opportunities.
🏠 Conforming Home Loans
These are loans that meet specific standards set by Fannie Mae and Freddie Mac and are the most common type of mortgage. Here’s how the rates look for conforming loans:
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
|---|---|---|---|---|
| 30-Year Fixed Rate | 6.98% | down 0.03% | 7.40% | down 0.08% |
| 20-Year Fixed Rate | 6.83% | down 0.14% | 7.35% | down 0.04% |
| 15-Year Fixed Rate | 5.99% | down 0.07% | 6.27% | down 0.10% |
| 10-Year Fixed Rate | 5.89% | down 0.18% | 6.28% | down 0.19% |
| 7-year ARM | 7.56% | up 0.01% | 8.07% | up 0.15% |
| 5-year ARM | 7.26% | down 0.28% | 7.81% | down 0.16% |
| 3-year ARM | — | 0.00% | — | 0.00% |
🏡 Government Home Loans
Government-backed loans, such as FHA and VA loans, often have different eligibility requirements and can be attractive options for certain borrowers. Here’s a look at their current rates:
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
| 30-Year Fixed Rate FHA | 7.75% | up 0.88% | 8.78% | up 0.87% |
| 30-Year Fixed Rate VA | 6.51% | up 0.03% | 6.71% | up 0.02% |
| 15-Year Fixed Rate FHA | 5.53% | down 0.05% | 6.49% | down 0.07% |
| 15-Year Fixed Rate VA | 5.99% | down 0.03% | 6.31% | down 0.06% |
🏢 Jumbo Loans
Jumbo loans are for mortgages that exceed the conforming loan limits. These often come with slightly higher interest rates due to the larger loan amount and potentially higher risk for lenders. Here are the current rates for jumbo loans:
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
| 30-Year Fixed Rate | 7.45% | down 0.08% | 7.78% | down 0.17% |
| 15-Year Fixed Rate | 6.31% | down 0.24% | 6.54% | down 0.27% |
| 7-year ARM | 7.69% | 0.00% | 7.99% | 0.00% |
| 5-year ARM | 7.69% | down 0.56% | 8.24% | down 0.17% |
| 3-year ARM | — | 0.00% | — | 0.00% |
📄 Understanding Refinance Rates Today
For homeowners who already have a mortgage, refinance rates are just as important. Refinancing involves taking out a new mortgage to pay off your existing one, often with the goal of securing a lower interest rate, reducing monthly payments, or changing the loan term. Let’s look at the current refinance rates as of June 4, 2025, according to Zillow.
The national average 30-year fixed refinance rate is currently 7.25%, up 4 basis points from the previous day but down 1 basis point from last week. Similarly, the national average 15-year fixed refinance rate is 6.12%, an increase of 6 basis points from yesterday. The 5-year ARM refinance rate remains steady at 7.97%.
Conforming Refinance Loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
| 30-Year Fixed Rate | 6.98% | down 0.03% | 7.40% | down 0.08% |
| 20-Year Fixed Rate | 6.83% | down 0.14% | 7.35% | down 0.04% |
| 15-Year Fixed Rate | 5.99% | down 0.07% | 6.27% | down 0.10% |
| 10-Year Fixed Rate | 5.89% | down 0.18% | 6.28% | down 0.19% |
| 7-year ARM | 7.56% | up 0.01% | 8.07% | up 0.15% |
| 5-year ARM | 7.26% | down 0.28% | 7.81% | down 0.16% |
| 3-year ARM | — | 0.00% | — | 0.00% |
Government Refinance Loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
| 30-Year Fixed Rate FHA | 7.21% | up 0.47% | 8.25% | up 0.49% |
| 30-Year Fixed Rate VA | 6.59% | up 0.10% | 6.71% | up 0.04% |
| 15-Year Fixed Rate FHA | 5.75% | down 0.09% | 6.72% | down 0.09% |
| 15-Year Fixed Rate VA | 6.03% | up 0.10% | 6.19% | down 0.03% |
Jumbo Refinance Loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
| 30-Year Fixed Rate | 8.63% | up 0.69% | 8.91% | up 0.58% |
| 15-Year Fixed Rate | 5.93% | down 0.67% | 6.16% | down 0.61% |
| 7-year ARM | — | 0.00% | — | 0.00% |
| 5-year ARM | 9.31% | up 0.62% | 8.90% | up 0.33% |
| 3-year ARM | — | 0.00% | — | 0.00% |
🌍 U.S. Mortgage Rates for Foreigners (Non-Residents)
For non-U.S. residents looking to for USA property investments, there are dedicated mortgage products designed to simplify the process—even without U.S. credit or income documentation.
These are typically known as DSCR loans (Debt Service Coverage Ratio), and they’re increasingly popular among international investors seeking passive rental income.
These loans focus on the property’s income—not your personal finances—making them ideal for foreign buyers building rental portfolios remotely.
| Mortgage Type | Rate Range | ARM/Fixed | Loan to Value (LTV) | Min Loan Size |
| 30-Year DSCR Loan | 6.75% to 8% | 30-Year Fixed | Up to 75% | $75,000 |
| 15-Year DSCR Loan | 6.75% to 7.75% | 30-Year Fixed | Up to 75% | $75,000 |
📌 Key Points for Foreign Investors:
- ✅ No U.S. credit score, W2, or tax returns required
- ✅ Loans based on rental income—not personal income
- ✅ Available for LLCs or personal names (consult on estate tax structuring)
- ✅ Ideal for rental properties in stable cash-flowing markets
🤔 What Does This Mean for You?
Understanding today’s mortgage rates and the potential future outlook is crucial for anyone involved in the housing market. Whether you are looking to buy a new home or refinance your existing mortgage, keeping informed about these trends can help you make more strategic decisions. The slight decrease in many fixed rates compared to last week could be an encouraging sign, but the daily fluctuations remind us that the market is dynamic.
For potential homebuyers, it’s essential to consider your individual financial situation, including your credit score, down payment, and loan type, as these will significantly influence the rate you qualify for. Getting pre-approved for a mortgage can give you a clearer picture of the rates you can expect.
For current homeowners, evaluating whether now is a good time to refinance depends on several factors, including your current interest rate, the terms of your existing loan, and the potential savings versus the costs of refinancing. Even a small decrease in your interest rate could lead to substantial savings over the life of your loan.
For investors, we should focus on the property we intend to purchase and use a DSCR loan. Conservative underwriting accounting for all operational costs and reserves for maintenance/repairs, vacancies, and capital expenditure is essential.
FREE DOWNLOAD: 10 Costly Mistakes Foreigners Make Buying U.S. Real Estate
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“Having personally invested in over 120 US rental properties from overseas, I know the true value of getting the right advice and support.
David Garner – Cashflow Rentals
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