US Mortgage Rates June 6 2025 – A Glimmer of Hope

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Published On: June 7th, 2025

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🏠 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

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David Garner has over 120+ personal property acquisitions in the U.S. real estate market as a Non-Resident Alien Foreign National, bringing extensive practical experience to his insights on the U.S. real estate market. He specializes in guiding international investors through the complexities of the U.S. real estate market, focusing on building wealth through profitable rental property investments. His deep understanding of the market, combined with his client-centric approach, makes him a trusted advisor for global investors seeking to establish and grow their U.S. real estate portfolio. Learn more about David