US Mortgage and Refinance Rates June 3 2025

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Publicado em: junho 3rd, 2025

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🏠 Today’s Mortgage Rates – June 3, 2025

Rates Show a Marginal Increase, but Forecasts Hint at Change Ahead

As of June 3, 2025, the national average for 30-year fixed mortgage rates has increased slightly to 7.02%, reflecting a minor but noticeable shift in borrowing conditions. Though this uptick is modest—just 2 basis points from the previous day—it underscores a broader trend of relative rate stability with a slight upward lean.

📊 Key Takeaways:

30-Year Fixed Mortgage Rate: 7.02% 📈 (up 0.01%)
15-Year Fixed Mortgage Rate: 6.08% 📈 (up 0.01%)
5-Year ARM: 7.03% 📉 (down 0.51%)
30-Year Fixed Refinance Rate: 7.27% 📈

🔍 Mortgage Rate Trends and What They Mean

Staying on top of today’s mortgage rates is essential—especially in a market where minor fluctuations can significantly impact affordability. According to Zillow, the 7.02% 30-year fixed rate is up just slightly from last week (7.01%), suggesting an environment of cautious optimism with lingering inflation concerns.

Meanwhile, 15-year fixed rates also crept up to 6.08%, reinforcing their appeal for buyers who want to build equity faster—albeit with higher monthly payments.

The standout? The 5-year ARM, which dropped 25 basis points para 7.03%. For borrowers comfortable with future rate adjustments, this could offer short-term savings.

For us foreign investors buying rental properties in the United States, we rely on long-term fixed interest rates to ensure positive cashflow from our rental properties – so we tend to use 30-year fixed interest DSCR loans.

🧮 Conforming Loan Rate Breakdown (as of June 3, 2025):

💼 Loan Type	📊 Rate (%)	1W Change	📈 APR	1W Change
30-Year Fixed	7.02%	+0.01%	7.51%	+0.04%
20-Year Fixed	6.45%	-0.53%	6.93%	-0.46%
15-Year Fixed	6.08%	+0.01%	6.39%	+0.02%
10-Year Fixed	6.07%	0.00%	6.47%	0.00%
7-Year ARM	7.56%	+0.01%	7.78%	-0.14%
5-Year ARM	7.03%	-0.51%	7.60%	-0.36%

🏛️ Government-Backed Loans: FHA & VA

🏠 Loan Type	🔢 Rate	1W Change	📈 APR	1W Change
30-Year FHA	7.75%	+0.88%	8.80%	+0.89%
30-Year VA	6.51%	+0.03%	6.73%	+0.04%
15-Year FHA	5.63%	+0.06%	6.63%	+0.07%
15-Year VA	6.02%	0.00%	6.38%	+0.01%

👉 Notable jump in FHA rates may affect first-time buyers. VA loans remain more affordable for qualified veterans.

🏡 Jumbo Mortgage Rates

💰 Loan Type	🔢 Rate	1W Change	📈 APR	1W Change
30-Year Fixed Jumbo	7.39%	-0.14%	7.79%	-0.15%
15-Year Fixed Jumbo	6.49%	-0.06%	6.76%	-0.05%
5-Year ARM Jumbo	9.06%	+0.81%	8.80%	+0.39%

📉 Fixed-rate jumbo loans are trending down—good news for luxury buyers. However, ARM jumbo loans are climbing, adding risk for adjustable-rate seekers.

🔁 US Mortgage Rates for Foreign Nationals

Foreigners buying investment property in the USA tend to use DSCR loans:

💼 Loan Type	📊 Rate Range (%)	Loan to Value
DSCR 30-Year Fixed	6.75% to 8%	75%
DSCR 15-Year Fixed	6.5% to 7.75%	75%

📉 Fixed-rate DSCR loans use the property’s income to underwrite the loan. Your interest rate will vary based on the net cashflow of the property relative to the loan payment, and the loan-to-value

🔁 Refinancing Landscape (June 3, 2025)

Refinance rates closely mirror purchase rates but with subtle differences:

Conforming Refinance Loans

🔁 Loan Type	🔢 Rate	1W Change	📈 APR	1W Change
30-Year Fixed	7.02%	+0.01%	7.51%	+0.04%
20-Year Fixed	6.45%	-0.53%	6.93%	-0.46%
15-Year Fixed	6.08%	+0.01%	6.39%	+0.02%

Government Refinance Loans

🔁 Loan Type	🔢 Rate	1W Change	📈 APR	1W Change
30-Year FHA	6.54%	-0.20%	7.56%	-0.20%
30-Year VA	6.79%	+0.30%	7.01%	+0.35%

Jumbo Refinance Loans

🔁 Loan Type	🔢 Rate	1W Change	📈 APR	1W Change
30-Year Fixed Jumbo	7.46%	-0.47%	7.73%	-0.60%
15-Year Fixed Jumbo	5.93%	-0.67%	6.16%	-0.61%

🔮 Mortgage Rate Forecasts for 2025–2026

📉 National Association of REALTORS®

Avg. 2025 rate: 6.4%
Avg. 2026 rate: 6.1%

📉 Fannie Mae

End of 2025: 6.1%
End of 2026: 5.8%

📈 Mortgage Bankers Association

Stays around 6.7% through September 2025
Ends year near 6.6%

📈 Freddie Mac

Rates expected to stay higher for longer
More home sales and refinancing activity projected in 2025

💭 Personal Thoughts & Advice

While today’s rates might seem high, context matters. Inflation, Fed policies, and shifting inventory trends all contribute to this environment.

For those considering 5-year ARMs, now might be a strategic entry point—but caution is advised. ARM products require risk awareness, especially in uncertain rate cycles.

FHA borrowers should note the recent spike in rates, which could impact affordability. Meanwhile, VA loans remain a bright spot for eligible borrowers.

For investors buying rental properties – stick to DSCR loans and make sure your properties cashflow and you don’t over-leverage.

🧠 Final Word

The mortgage market today is one of nuance and strategy. Rates have inched up, but the broader outlook hints at relief. Whether buying or refinancing, now is the time to review your financial goals and speak with a trusted mortgage advisor to chart the best course forward.

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🏡 Jumbo Mortgage Rates

David Garner General Manager

U.S. Real Estate Turnkey Rental Property Mortgages for Non-Residents and Foreign Nationals

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