Mortgage refinance rates fluctuate daily based on a range of economic and political factors. For more insights on where rates might be headed, check out our weekly mortgage rate f

Economists were hoping for a 2025 turnaround in the housing market, and home buyers could still get some relief if mortgage rates turn lower later this year.

The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.