News Oklahoma's Cathy Tatom looks into what is keeping mortgage interest rates in the 6% to 7% range instead of falling back to the 3% range of just a few years ago.

This summer’s housing market feels like a riddle — prices are up, but competition is down. Mortgage rates dip, then spike, leaving buyers and sellers wondering: Is now the right time to move? The answer?

Mortgage rates dip amid swings In markets. Mortgage rates inched down this week, with the 30-year fixed rate averaging 6.89 percent, compared to 6.94 percent the previous week, according to ...

Mortgage rates dip amid swings In markets. President Donald Trump’s tariff policies spurred a spasm of market swings that included 10-year Treasury yields briefly dropping below 4 percent.

Mortgage rates are still twice as high as they were in 2020 and 2021 during the pandemic homebuying boom. But for homebuyers who have been waiting months for rates to come down, the increase in purchasing power is notable.

A couple of key mortgage rates ticked downward. Lower mortgage rates could bring positive news to the housing market in 2025. Mortgage Rates Dip Down: Mortgage Rates on June 20, 2025

That incredible lack of affordability nudged California prices lower. The median was off 1% since May 2024 – the first 12-month drop in prices since June 2023. Still, that median is just $10,000 off its all-time high. Is it really a surprise that May’s statewide sales were down 4% year-over-year? It was the biggest drop in 17 months.

Refinance rates change daily, but experts say rates could inch down in the coming months. Refi Rates Dip Since Last Week: Mortgage Refinance Rates for July 3, 2025 - CNET Your Guide