Despite some moderate dips this week, mortgage rates are mostly unchanged as markets await next week's Fed meeting.

Current mortgage rates are down and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

Today's mortgage rates hold steady. See 30-year, 15-year, FHA, VA loan averages and what’s influencing July 25 rates.