July 8, 2025

Mortgage rates have been creeping higher to start July, with the average top-tier 30‑year fixed rising from 6.67% to 6.81% in just four business days. That’s a little faster than usual—but not panic-worthy. It’s more of a steady climb than a spike.

Here’s where it gets interesting: today’s bond market didn’t follow the script. After a weak open, bonds stopped the bleeding early and actually fought back to finish the day flat. That kind of movement often signals a short-term shift, suggesting the recent selling trend may be losing steam.

Even better? We’ve seen this pattern before—after a consistent rate trend in one direction (like June’s downward stretch), markets often course-correct the other way. So while July has kicked off with higher rates, today’s calm could be the start of a pivot. And perspective matters: apart from a few golden days at the end of June, today's rates are still the lowest since late April

💬 What It Means for You

• 🧩 For Homebuyers: If you missed June’s lows, don’t worry—rates are still relatively friendly. Locking now could protect you from further climbs.

• 🔁 For Refinancers: Bought last year with a 7%+ rate? Let’s see if a refinance can save you real money.

• 💳 For Debt Managers: Even if your mortgage rate is lower, consolidating higher-interest debt (credit cards, auto loans) might justify a strategic refinance.

• 🏡 For Equity Users: A HELOC or home equity loan could give you flexible access to cash—useful for renovations, college costs, or just peace of mind.

📞 Let’s Create a Game Plan

Whether you’re buying, refinancing, or just mortgage-curious, I’ve got a strategy for that. Reach out to me and let’s set a time to chat.