The average 30-year fixed mortgage rate held at 6.42% on Monday, unchanged from Friday and down 0.11 points over the past month.
| Product | Today | Day change |
|---|---|---|
| 30-year fixed | 6.42% | — |
| 15-year fixed | 5.71% | −0.02 |
| 30-year refinance | 6.58% | +0.01 |
| HELOC | 8.15% | — |
Rates were essentially flat to start the week, with the 10-year Treasury yield little changed and no major economic data on the calendar. The next real test comes Wednesday with the June PCE print.
For a borrower financing $400,000, the difference between this month's high and today's rate is about $28 a month — real money over thirty years, but not a reason to rush a decision that should turn on the house and the household.
Demand is still rotating away from refinancing: RateZip's Mortgage Demand Index shows home-equity interest at its highest share since 2023.