US Mortgage Rates June 6th 2025 – A Glimmer of Hope for Homebuyers
David Garner
FREE DOWNLOAD: 10 Costly Mistakes Foreigners Make Buying U.S. Real Estate
🏠 US Mortgage Rates on June 6th 2025 – Rates Drop Again, Offering a Glimmer of Hope for Buyers
As of June 6, 2025, mortgage rates have edged down slightly, offering a modest but welcome reprieve for homebuyers navigating a high-cost real estate market. According to Zillow, the average rate on a 30-year fixed mortgage is now 6.95%, a dip from last week’s 7.01%. While the decrease is small, it comes at a crucial time as buyers head into the busy summer homebuying season.
Refinance rates, on the other hand, have climbed. The average rate for a 30-year fixed refinance has risen to 7.33%, underscoring the importance of timing for homeowners considering this option.
🔍 Key Takeaways – June 6, 2025
-
📉 30-Year Fixed Mortgage Rate: 6.95% (down from 7.01%)
-
📈 30-Year Fixed Refinance Rate: 7.33% (up from 7.18%)
-
💼 Rate Movement Driven By: Economic indicators, bond yields, and Federal Reserve policy
-
🏡 Buyer Advantage: Lower purchase rates, stable pricing, and more housing inventory
📊 Current US Mortgage Rates by Loan Type
| Loan Type | Rate | 1-Week Change | APR | APR Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.95% | ↓ 0.06% | 7.37% | ↓ 0.10% |
| 20-Year Fixed | 6.83% | ↓ 0.14% | 7.35% | ↓ 0.04% |
| 15-Year Fixed | 6.02% | ↑ 0.04% | 6.29% | ↓ 0.08% |
| 10-Year Fixed | 5.89% | ↓ 0.18% | 6.28% | ↓ 0.19% |
Fixed-rate mortgages remain the top choice for buyers seeking predictability. Lower volatility in interest payments helps borrowers manage long-term budgets with more confidence.
🔁 Adjustable-Rate Mortgages (ARMs)
| Loan Type | Rate | 1-Week Change | APR | APR Change |
|---|---|---|---|---|
| 7-Year ARM | 7.56% | ↑ 0.01% | 8.07% | ↑ 0.15% |
| 5-Year ARM | 7.63% | ↑ 0.09% | 7.97% | No change |
ARMs offer initial savings, but rates adjust over time—often annually after the fixed period ends. They’re ideal for buyers who plan to sell or refinance before adjustments begin.
🔁 Refinance Rates Snapshot
| Loan Type | Rate | 1-Week Change | APR | APR Change |
|---|---|---|---|---|
| 30-Year Fixed | 7.33% | ↑ 0.15% | 7.37% | ↓ 0.10% |
| 20-Year Fixed | 6.83% | ↓ 0.14% | 7.35% | ↓ 0.04% |
| 15-Year Fixed | 6.09% | ↑ 0.05% | 6.29% | ↓ 0.08% |
| 10-Year Fixed | 5.89% | ↓ 0.18% | 6.28% | ↓ 0.19% |
Refinancing remains an option for borrowers who locked in at much higher rates or want to shorten their loan term. But today’s rates mean fewer golden opportunities than we saw in 2020–2022.
🏛️ US Government-Backed Loan Rates
| Loan Type | Rate | 1-Week Change | APR | APR Change |
|---|---|---|---|---|
| 30-Year Fixed FHA | 7.52% | ↑ 0.65% | 8.56% | ↑ 0.65% |
| 15-Year Fixed FHA | 5.49% | ↓ 0.08% | 6.45% | ↓ 0.11% |
| 30-Year Fixed VA | 6.46% | ↓ 0.02% | 6.68% | ↓ 0.01% |
| 15-Year Fixed VA | 6.02% | No change | 6.38% | ↑ 0.01% |
FHA loans are popular among first-time buyers thanks to lower credit score requirements. VA loans offer incredible flexibility and often eliminate the need for a down payment.
🌍 U.S. Mortgage Rates for Foreigners
Foreign nationals investing in U.S. real estate can access specialized mortgage products—even without a U.S. credit score or income history. Here’s a look at common loan terms:
| Mortgage Type | Rate Range | ARM/Fixed | Loan to Value | Min Loan Size |
|---|---|---|---|---|
| 30-Year DSCR Loan | 6.75% to 8.00% | 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 features:
-
No U.S. credit required
-
No personal income verification
-
Property must cash-flow (based on rental income)
-
Available to investors from LATAM, Europe, Canada, and Asia
Foreign investors are encouraged to work with mortgage brokers or real estate consultants who specialize in non-resident financing to navigate eligibility requirements and legal structures (like LLCs or trusts).
📉 Why Rates Are Moving: Market Forces at Play
Mortgage rates are shaped by complex economic interactions. The most important drivers include:
-
Treasury Yields: The 10-year U.S. Treasury note is closely tied to 30-year mortgage rates. When bond yields rise, mortgage rates typically follow.
-
Inflation: Persistent inflation pushes rates up, as lenders seek returns that outpace rising costs.
-
Federal Reserve: The Fed’s monetary policy and decisions on the federal funds rate heavily influence lending rates across the board.
-
Job Market & Economic Growth: Signs of a weakening labor market or slowing GDP growth often lead to downward pressure on rates.
📅 What’s Next? Expert Outlook for 2025
Industry analysts predict a relatively stable rate environment through the rest of 2025.
-
📉 The Mortgage Bankers Association expects 30-year mortgage rates to remain in the 6.6% to 6.7% range through Q3, with minor movement.
-
📊 Goldman Sachs suggests that rates could trend toward 6.75% by year-end due to sticky inflation and strong wage growth.
This may give buyers more predictability and help stabilize the housing market after a volatile few years.
✅ Final Thoughts
Mortgage rates have ticked lower—but not dramatically. If you’re in the market to buy or refinance, staying alert to rate trends and understanding the loan products that fit your financial profile is essential.
📌 Action Steps for Buyers:
-
Monitor daily rate changes
-
Shop around and compare lenders
-
Lock in a rate if you find a good deal
-
For foreign investors: explore DSCR loans with expert help
Whether you’re a first-time homebuyer or a seasoned investor, this slight dip could be your chance to make a smart move in a still-challenging market.
FREE DOWNLOAD: 10 Costly Mistakes Foreigners Make Buying U.S. Real Estate
GROW YOUR WEALTH WITH U.S. REAL ESTATE
Start your US real estate investment journey today, and book a Free 1-2-1 Discovery Call with a member of our senior management team.
“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
Related Articles
Related: US Homebuyers are Using This Simple Trick to Save Thousands in Mortgage Interest
Related: The Best USA Mortgages for Foreign Nationals in 2025
Related: How to Get a Foreign National Mortgage Without a Visa or SSN
Related: Navigating US Mortgage Rate Uncertainty for Foreign Property Investors
Related: US Mortgage Rates Fall Sharply on June 5th 2025
Related: US Mortgage Rates Edge Up Slightly on June 4th 2025
Related: US Mortgage Rates Edge Back Up Again on June 3rd 2025
Related: US Mortgage Rates Inch Lower on June 2nd 2025
Related: US Mortgage Rates Fall Again on June 1st 2025
Related: US Mortgage Rates Edge Higher on May 30th 2025
Related: US Mortgage Rates Edge Higher on May 29th 2025
Related: US Mortgage Rates Continue to Decline on May 28th 2025
Related: US Mortgage Rates Down Slightly Over Memorial Day Weekend May 26 2025 2025
Related: US Mortgage and Refinance Rates May 22nd 2025
Related: 10-Year US Interest Rate Forecasts from the Experts
Related: Dave Ramseys Predictions for US Mortgage Rates in 2025
