🏠 U.S. Mortgage Rates Today – July 10, 2025: Most Rates Remain Steady

Mortgage rates are holding firm in early July, with 30-year fixed rates averaging around 6.6%. The Federal Reserve’s hawkish stance is keeping borrowing costs high as inflation continues to run above target. In this daily update, we’ll look at the latest rate averages, market commentary, and what lies ahead for 2025. We also include a dedicated section for foreign nationals and non-resident investors navigating U.S. mortgage options.

🔍 Key Takeaways

• 30-Year fixed mortgage rates remain steady around 6.625%–6.69%.

• 15-Year fixed loans are averaging 5.75%.

• Adjustable-rate mortgages (ARMs) remain volatile and elevated.

• Refinance rates are slightly higher than purchase rates.

• Foreign nationals face higher rates (7%–7.75%) and stricter requirements.

• Fed might now be cutting interest rates as early as July.

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📊 Today’s U.S. Mortgage Rates

📅 July Market Commentary Snapshot

Mortgage rates in July 2025 are likely to remain in the 6.5%–6.8% range for 30-year fixed loans. The Fed has not signalled any imminent rate cuts, and inflation remains a top concern. As a result, lenders are maintaining conservative pricing.

Housing inventory is slowly improving in many regional markets, giving buyers slightly more leverage. However, affordability remains a major issue due to high interest rates.

Related: U.S. Mortgage Rate Forecast for July: Will Rates Rise or Fall

🔮 Forecast for Late 2025

Most analysts expect mortgage rates to trend slightly lower by Q4 2025, but only if inflation eases and economic growth cools. Rate projections vary, but here’s a rough consensus for year-end:

Related: U.S. Mortgage Rate Forecast and Expert Predictions for 2025, 2026, 2027, 2028, and 2029

🌍 Mortgage Options for Foreign Nationals

Foreign nationals and non-resident investors have access to U.S. real estate financing, but the process and pricing differ from conventional mortgages.

1. Foreign National Loans

• Rates: 7.25% (resident) to 7.75% (non-resident)

• LTV: Up to 75–85%

• Docs: Passport, visa, bank statements, proof of funds

• Use: Investment properties, second homes

🔗 More info at Foreign National Mortgages

2. ITIN Loans

These loans are designed for foreign buyers who do not have a Social Security Number (SSN).

• Rates: ~7.9%

• Minimum Down: 20%

• Eligible Borrowers: Must have ITIN and verifiable income

• Loan Types: Owner-occupied or investment

🔗 More info at ITIN Mortgages

3. DSCR Loans for Foreign Investors

These loans qualify borrowers based on the rental income of the property (not personal income).

• Rates: ~7.1%

• LTV: Up to 75%

• Docs: Only lease agreement and appraisal needed

• Best For: Turnkey rentals and buy-and-hold investors

🔗 Learn more at DSCR loans for Foreign Nationals and Non-Residents

🧾 Summary Table – Foreign & Non-Resident Loans

✅ Conclusion

While mortgage rates remain elevated in July 2025, there are still opportunities for smart investors and buyers, especially those with strong down payments or access to creative financing options. Foreign nationals can take advantage of specialized programs like DSCR and ITIN loans to build U.S. real estate portfolios even without a U.S. credit history.

The rest of 2025 is likely to bring gradual easing of rates, but timing the market is always a gamble. Focus on buying solid assets, securing financing that works for your goals, and keeping an eye on the opportunity to refinance in 2026 or later.

Previous Article: Most Real Estate Investors are Buying in The Next 12 Months

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🔍 FAQs – U.S. Mortgage Rates & Foreign National Loans

1. What is the current average mortgage rate in the U.S. (July 10, 2025)?

As of July 10, 2025, the average 30-year fixed mortgage rate is approximately 6.625%–6.69%, while 15-year fixed rates average 5.75%.

2. Are mortgage rates expected to go down in 2025?

Yes, but gradually. Rates may ease toward 6.0% by late 2025, depending on inflation and Fed policy.

3. Can foreigners get a mortgage in the U.S.?

Yes. Foreign nationals can qualify for U.S. mortgages through specialized lenders, often using DSCR or ITIN loan programs.

4. What is a DSCR loan?

A DSCR (Debt Service Coverage Ratio) loan qualifies you based on the rental income of the property—not your personal income or credit history.

5. What’s the difference between ITIN loans and foreign national loans?

ITIN loans are for borrowers without a Social Security Number but with verifiable U.S. income. Foreign national loans are for non-residents with foreign income.

6. How much down payment is required for foreign national mortgages?

Typically, 25%–40% is required, depending on loan type and lender.