Mortgage Rates Hit 7-Week Low as Fed Rate Cut Expectations Rise
June 27, 2025 — United States — In a welcome turn for homebuyers, mortgage rates have extended their winning streak, hitting a seven-week low as optimism grows around a potential Federal Reserve rate cut in July. The average 30-year fixed-rate mortgage dropped to 6.77% this week, marking a significant shift in market sentiment following months … Read more