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Current refi mortgage rates report for June 2, 2025

On June 2, 2025, mortgage refinance rates showed a mix of increases and decreases across different loan terms. The 30-year fixed-rate mortgage refinance increased to 7.375%, up from 7.250% the previous week, while the 20-year fixed-rate remained steady at 7.125%. The 15-year fixed-rate saw a slight decrease to 6.500% from 6.625%, and the 10-year fixed-rate also dropped to 6.375% from 6.500%. For adjustable-rate mortgages, the 5/1 ARM stayed at 6.000%, and the 7/1 ARM increased to 6.125% from 6.000%. Jumbo loans followed a similar pattern with the 30-year fixed rate at 7.250%, up from 7.125%, the 15-year fixed rate at 6.875%, down from 7.000%, and the 7/1 ARM jumbo rate at 6.250%, up from 6.125%. These rates reflect the current economic conditions and are subject to change based on market fluctuations.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-06-02-2025/ ]