Introduction

July 2, 2025, brings a breath of fresh air for homebuyers and homeowners navigating today’s mortgage landscape. After weeks of steady climbs, several credit unions are now trimming rates, offering some welcome relief. If you’ve been holding your breath waiting for a better moment to lock in, that moment might be here. The lowest purchase rate we spotted today is a 5.625% FHA 15-year fixed from Washington State Employees Credit Union, a solid option for those wanting to build equity faster without stretching payments too thin. Meanwhile, Zillow’s jumbo 30-year fixed rates dipped slightly to 6.521%, signaling subtle shifts in the broader market. Inflation expectations remain stable with minor upticks, keeping the economic backdrop favorable for borrowing. Here’s what you need to know before locking in a rate — whether you’re buying your first home, upgrading, or refinancing an investment property.

New Purchase - FHA 15 yrs Fixed

Lender
2025-07-02
(Current Day)
2025-06-25
(7 Days Ago)
2025-06-17
(15 Days Ago)
2025-06-02
(30 Days Ago)
2025-05-18
(45 Days Ago)
American Heritage
6.00%
6.00%
Broadview
5.75%
5.75%
Chartway
5.88%
6.00%
+12.5 bps
6.00%
+12.5 bps
6.00%
+12.5 bps
6.13%
+25 bps
Ent
5.13%
Schoolsfirst
5.63%
5.75%
+12.5 bps
5.75%
+12.5 bps
5.88%
+25 bps
5.75%
+12.5 bps
Washington State Employees
5.63%
5.88%
+25 bps

New Purchase - FHA 30 yrs Fixed

Lender
2025-07-02
(Current Day)
2025-06-25
(7 Days Ago)
2025-06-17
(15 Days Ago)
2025-06-02
(30 Days Ago)
2025-05-18
(45 Days Ago)
American Heritage
5.99%
6.12%
+13.4 bps
Broadview
6.00%
6.25%
+25 bps
Chartway
6.00%
6.50%
+50 bps
6.50%
+50 bps
6.63%
+62.5 bps
Desert Financial
5.88%
5.99%
+11.5 bps
6.13%
+25 bps
6.13%
+25 bps
6.13%
+25 bps
Ent
5.88%
Nasa Federal Credit Union
6.13%
6.25%
+12.5 bps
6.38%
+25 bps
6.38%
+25 bps
6.50%
+37.5 bps
Nuvisionfederal
5.75%
6.00%
+25 bps
6.13%
+37.5 bps
6.13%
+37.5 bps
6.13%
+37.5 bps
Schoolsfirst
6.38%
6.50%
+12.5 bps
6.50%
+12.5 bps
6.63%
+25 bps
6.38%
State Employees Cu Of Maryland Inc
6.00%
6.25%
+25 bps
Washington State Employees
5.99%
6.13%
+13.5 bps

American Heritage

On July 2, 2025, the 30-Year FHA Purchase rate declined by 13.4 basis points to 5.99%, reflecting a modest reduction in the cost of borrowing for eligible buyers. Meanwhile, the 15-Year FHA Purchase rate remained stable at 6.00%, indicating no change in yield spreads over the past week.
For first-time homebuyers leveraging FHA programs, the lower 30-year fixed rate can improve affordability on longer-term financing, whereas borrowers prioritizing quicker equity buildup face unchanged short-term costs with the 15-year option. These movements suggest potential value in locking fixed rates now for long-term stability or maintaining current strategies if shorter terms align better with financial goals.
Members should evaluate their mortgage strategy carefully—consider fixed-rate options for predictable payments or review refinancing opportunities to optimize loan terms based on evolving market conditions.

Broadview

On July 2, 2025, the FHA 15-year Fixed Purchase mortgage rate remains steady at 5.75%, showing no change from a week ago. This stability supports borrowers seeking shorter-term commitments with predictable payments and lower yield spreads. Conversely, the FHA 30-year Fixed Purchase rate decreased by 25 basis points over the past week to 6.00%, marking the lowest cost of borrowing among today’s options. This reduction benefits first-time homebuyers and those prioritizing long-term affordability despite higher overall interest compared to shorter terms.
Members should consider fixed-rate FHA loans for budget certainty and evaluate refinancing if current rates improve their financial position. Staying informed on these nuanced rate movements enables data-driven mortgage strategies tailored to individual borrowing goals.

Chartway

On July 2, 2025, FHA Purchase mortgage rates show a downward trend in borrowing costs. The 15-year FHA fixed rate decreased by 12.5 basis points, now at 5.875%, marking the lowest rate available today. Similarly, the 30-year FHA fixed rate declined by a significant 50 basis points to 6.0%, reducing long-term yield spreads for borrowers.
These reductions improve affordability for first-time buyers relying on government-backed financing, lowering monthly payments and total interest expense. Veterans and other specialized segments should note these shifts when considering purchase financing options.
Given these trends, members may benefit from evaluating their mortgage strategies—especially those prioritizing stability might consider locking in fixed-rate FHA loans now, while others assess refinancing opportunities to optimize cost of borrowing amid fluctuating market yields.

Desert Financial

On July 2, 2025, the FHA 30 Year Fixed Purchase mortgage rate stands at a competitive 5.875% with 1.375 points, marking a notable decline of 11.5 basis points compared to last week and 25 basis points versus 30 days ago. This downward movement in yield spreads reduces the overall cost of borrowing for members, particularly benefiting first-time homebuyers relying on government-backed options. The easing rates may also prompt potential buyers to lock in financing terms before possible market fluctuations. Given this trend, members should consider fixed-rate FHA loans if stability and predictable payments are priorities, while those evaluating long-term affordability might find it prudent to review their purchase or refinancing strategies in light of these favorable adjustments.

Nasa Federal Credit Union

On July 2, 2025, the 30-Year Fixed Rate FHA Purchase mortgage stands at a competitive 6.125%, marking a 12.5 basis points decrease from last week and a 25 basis points decline over the past month. This reduction in yield spreads lowers the overall cost of borrowing for first-time homebuyers relying on government-backed financing. Members considering entry into homeownership may find improved affordability, while those evaluating refinancing should assess potential savings against long-term interest rate trends. Given this downward movement, borrowers who prioritize payment stability might benefit from locking in fixed rates now. Continuous monitoring of these shifts is advised to align mortgage strategies with evolving market conditions and optimize financial outcomes.

Nuvisionfederal

As of July 2, 2025, the 30-Year FHA Purchase mortgage rate stands at a competitive 5.75%, marking a notable decrease of 25 basis points compared to last week and 37.5 basis points lower than 30 days ago. This reduction in yield spreads lowers the cost of borrowing for first-time homebuyers and those utilizing government-backed loans, potentially improving affordability. Members considering entry into homeownership or FHA-backed financing may find current rates advantageous relative to recent months. Given this downward trend, evaluating fixed-rate options could provide stability amid fluctuating markets. Additionally, members with existing FHA loans might assess refinancing opportunities to reduce long-term costs. Maintaining awareness of these rate movements supports informed mortgage strategy decisions aligned with individual financial goals.

Schoolsfirst

On July 2, 2025, FHA Purchase loans show a favorable trend in borrowing costs. The 15-Year FHA Purchase rate decreased by 12.5 basis points to 5.625%, marking the lowest rate available today and a significant reduction of 25 basis points over the past 30 days. Similarly, the 30-Year FHA Purchase rate declined by 12.5 basis points to 6.375%, reflecting a 25 basis point drop month-over-month.
These downward movements in yield spreads reduce the cost of borrowing for first-time buyers and those seeking government-backed financing. Members prioritizing payment stability might consider fixed-rate options like these FHA programs. Given the recent decline, evaluating mortgage strategies—including refinancing—can optimize long-term financial outcomes amid fluctuating market conditions.

State Employees Cu Of Maryland Inc

On July 2, 2025, the FHA 30 Year Fixed Purchase mortgage rate stands at a competitive 6.00%, marking a decline of 25 basis points from last week. This reduction in yield spreads lowers the overall cost of borrowing for first-time homebuyers relying on government-backed financing. With no comparable data from 30 days prior, recent trends highlight improved affordability in this segment. Members considering home purchases can benefit from these favorable rates by evaluating fixed-rate options to lock in long-term stability. Given current market movements, it is prudent to assess refinancing strategies if holding higher-rate loans, as this dip may contribute to meaningful savings over time.

Washington State Employees

On July 2, 2025, FHA 15-Year Fixed Purchase mortgage rates decreased by 25 basis points to 5.625%, marking the lowest cost of borrowing among today’s options. Similarly, the FHA 30-Year Fixed Purchase rate declined by approximately 13.5 basis points, settling at 5.99%. These downward adjustments in yield spreads reduce monthly payments and overall interest costs for buyers, particularly benefiting first-time homebuyers seeking government-backed financing. Members evaluating long-term affordability should consider these lower fixed rates for budget stability. Given the recent trend, borrowers might also assess refinancing opportunities to lock in reduced rates, especially those with existing FHA loans. A data-driven approach suggests prioritizing fixed-rate options to mitigate future rate volatility and optimize borrowing costs over the loan term.

Zillow National Average

As the summer sun rises, so do mortgage rates, bringing a sharp shift for potential homebuyers. Today’s rates reveal a notable increase in the 15-Year Fixed Rate Jumbo, which has surged by 0.22% since yesterday. While the 30-Year Fixed Rate Jumbo remains stable, the overall landscape hints at a gradual tightening of lending conditions.
For first-time buyers, even slight fluctuations can significantly impact monthly payments; a mere 0.25% uptick could add thousands to your overall mortgage cost. Refinancers may find it wise to act quickly to secure favorable terms before potential further increases, while investors might consider long-term rental yields over immediate rate changes.
Now is the time to lock in your rate and seize potential savings! Zillow's reliable data indicates that with the Fed signaling possible future hikes, waiting could cost you more down the line. Speak with a mortgage advisor today to explore your best options and stay ahead as market conditions evolve.

Federal Reserve Economic Trends

As we step into July, the mortgage landscape is shifting, with Mortgage 30Yr Jumbo Average Rates seeing a notable drop of 0.23 points over the past week. This reflects broader trends in inflation expectations that are crucial for prospective homebuyers and investors alike.
With today’s Breakeven Inflation Rate for 10-Year Treasuries steady at 2.290%, inflation remains under control, which can lead to lower interest rates. For instance, even a modest rate hike of just 0.25% on a $300,000 loan could increase monthly payments by about $50—impacting affordability significantly.
Over the last month, Mortgage 30Yr Average Rates have fallen a staggering 6.76 points. This is good news for buyers and refinancers looking to save money on long-term loans. First-time buyers, in particular, should keep an eye on these fluctuations to find the right moment to lock in their rates.
Given current trends from reliable sources like FRED, it's essential to consult with your mortgage advisor to make informed decisions. Stay vigilant; economic changes or Federal Reserve actions can swiftly alter the rate environment.
Now might be the time to act if you’re considering refinancing or purchasing a new home!

LendMesh

Every homeowner’s journey is different, but almost all of us remember that mix of excitement and uncertainty when it’s time to find the right mortgage. At LendMesh, we know the process can be overwhelming—that’s why we’ve created a place where you can get honest guidance, side-by-side rate comparisons, and direct access to lending partners who put your needs first. We work with a nationwide network of credit unions and banks, offering options you might not find anywhere else. Think of us as your financial co-pilot, here to help you make decisions with confidence. When you’re ready to explore what’s possible, visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans . Let’s turn those dreams of homeownership into reality, one step at a time.

Conclusion

As you weigh your next move in this evolving market, remember that even small rate changes can ripple through your finances — shaving just a quarter point off a mortgage could save hundreds each month and thousands over the life of the loan. Today’s landscape offers some promising options like the 5.625% FHA 15-year fixed from Washington State Employees Credit Union or competitive jumbo rates hovering around 6.5%. Keep an eye on these pockets of opportunity and act decisively when you see a rate that fits your budget and goals. Whether it’s locking in before inflation nudges rates higher or choosing terms that match your long-term plans, staying informed is your best strategy. So take a deep breath, crunch those numbers carefully, and remember: the right rate is out there — it just takes timing and a little patience to find it.