Introduction
July 23, 2025, brings a breath of fresh air for homebuyers and refinancers alike. While mortgage rates have danced a bit over the past month, today’s data reveals some encouraging stability and even small dips that could make a difference in your monthly payments. If you’ve been holding off on locking in a rate, now’s the time to pay attention. The lowest rate we spotted today is a 5.25% FHA 15-year fixed purchase loan from both Ent and Mountain America Credit Unions, offering a compelling option for those wanting to build equity faster without overwhelming upfront costs. Meanwhile, Zillow reports the jumbo 30-year fixed rate easing to 6.55%, down nearly two-tenths of a percent from last week, signaling softer borrowing conditions for higher loan amounts. On the economic front, inflation expectations have dipped slightly, with the Federal Reserve’s breakeven inflation rates nudging down by about two basis points — another subtle sign that mortgage rates might hold steady or improve soon. Here’s what you need to know before locking in a rate today: whether you’re buying your first home, upgrading, or refinancing, knowing where rates stand can save you thousands in the long run.
New Purchase - FHA 15 yrs Fixed
Lender
2025-07-23
(Current Day)
(Current Day)
2025-07-16
(7 Days Ago)
(7 Days Ago)
2025-07-08
(15 Days Ago)
(15 Days Ago)
2025-06-23
(30 Days Ago)
(30 Days Ago)
2025-06-08
(45 Days Ago)
(45 Days Ago)
2025-05-24
(60 Days Ago)
(60 Days Ago)
Broadview
5.75%
5.75%
5.75%
5.75%
Chartway
5.88%
5.88%
5.88%
6.00%
+12.5 bps
6.00%
+12.5 bps
6.00%
+12.5 bps
Ent
5.25%
5.38%
+12.5 bps
5.25%
5.38%
+12.5 bps
Goldenwest
5.49%
5.50%
+1 bps
5.49%
Mountain America
5.25%
5.38%
+12.5 bps
5.49%
+24 bps
5.50%
+25 bps
5.50%
+25 bps
Washington State Employees
5.88%
5.75%
-12.5 bps
5.88%
5.88%
New Purchase - FHA 30 yrs Fixed
Lender
2025-07-23
(Current Day)
(Current Day)
2025-07-16
(7 Days Ago)
(7 Days Ago)
2025-07-08
(15 Days Ago)
(15 Days Ago)
2025-06-23
(30 Days Ago)
(30 Days Ago)
2025-06-08
(45 Days Ago)
(45 Days Ago)
2025-05-24
(60 Days Ago)
(60 Days Ago)
Broadview
6.13%
6.13%
6.13%
6.25%
+12.5 bps
Chartway
6.38%
6.13%
-25 bps
6.50%
+12.5 bps
6.50%
+12.5 bps
6.13%
-25 bps
6.63%
+25 bps
Desert Financial
5.99%
5.99%
5.99%
5.99%
5.99%
6.13%
+13.5 bps
Ent
6.00%
6.13%
+12.5 bps
6.00%
6.13%
+12.5 bps
Goldenwest
5.88%
5.99%
+11.5 bps
5.88%
Mountain America
5.88%
5.99%
+11.5 bps
5.99%
+11.5 bps
6.00%
+12.5 bps
6.00%
+12.5 bps
Pentagon
5.75%
Schoolsfirst
6.38%
6.38%
6.38%
6.63%
+25 bps
6.50%
+12.5 bps
6.38%
Selco Community
5.88%
Washington State Employees
6.00%
6.13%
+12.5 bps
6.13%
+12.5 bps
6.13%
+12.5 bps
Broadview
On July 23, 2025, FHA 15-year Fixed Purchase loans maintain a stable rate at 5.75%, with no change over the past week or month, offering consistent borrowing costs for members prioritizing shorter-term fixed options. Meanwhile, the FHA 30-year Fixed Purchase rate holds steady at 6.125%, unchanged week-over-week but down by 12.5 basis points from 30 days ago, reflecting a modest easing in long-term yield spreads.
For first-time buyers seeking lower monthly payments, the FHA 30-year Fixed presents a slightly reduced cost of borrowing compared to last month. Conversely, those valuing predictability may find the unchanged FHA 15-year Fixed rate advantageous. Members should evaluate their mortgage strategy considering these dynamics—consider fixed-rate options for stability or assess refinancing opportunities to optimize long-term financial outcomes based on current market trends.
Chartway
On July 23, 2025, FHA 15-Year Purchase loans hold the lowest rate at 5.875%, unchanged over the past week but down by 12.5 basis points compared to 30 days ago, signaling a modest reduction in borrowing costs for short-term FHA buyers. Conversely, the FHA 30-Year Purchase rate increased by 25 basis points to 6.375% week-over-week, despite a slight 12.5 basis point decline month-over-month, indicating some recent upward pressure on longer-term fixed rates.
These yield spreads suggest that borrowers prioritizing lower monthly payments might consider the 15-year FHA option for cost efficiency, while those seeking longer amortization should evaluate recent rate volatility’s impact on total interest expense. Given these shifts, members are advised to assess their mortgage horizon carefully and consider fixed-rate options if stability is paramount or explore refinancing opportunities where applicable to optimize long-term financial outcomes.
Desert Financial
As of July 23, 2025, the FHA 30 Year Fixed Purchase mortgage rate remains steady at 5.99%, showing no change over the past week or month. This stability in rates means that borrowing costs for first-time homebuyers relying on government-backed loans have not increased, preserving predictable monthly payments and affordability. For members evaluating their financing strategies, this consistent yield spread suggests a favorable environment to lock in fixed rates without concern for near-term rate hikes. Veterans and those considering refinancing may want to monitor market shifts but can consider fixed-rate FHA products if prioritizing payment stability. Overall, maintaining current rates supports clear financial planning—members should assess their mortgage needs with attention to long-term cost implications and refinancing opportunities where appropriate.
Ent
On July 23, 2025, the FHA 15-Year Fixed Purchase rate stands at a competitive 5.25%, down by 12.5 basis points from both last week and a month ago, representing the lowest yield in today’s FHA offerings. Similarly, the FHA 30-Year Fixed Purchase rate decreased by 12.5 basis points over the same periods, now at 6.00%.
These reductions in yield spreads translate into lower borrowing costs for first-time homebuyers leveraging government-backed loans, improving affordability on both shorter and longer-term commitments. The consistent decline suggests tightening cost of funds, which can benefit members considering new purchases under FHA programs.
Members should assess their mortgage horizon carefully: those prioritizing predictability may find the 15-year fixed FHA loan’s current rate advantageous, while others might evaluate refinancing strategies to capitalize on recent rate improvements and reduce long-term interest expenses.
Goldenwest
On July 23, 2025, FHA 15 Year Fixed Purchase rates stand at 5.49%, down by 1 basis point from last week, representing marginal easing in the cost of borrowing for shorter-term FHA loans—beneficial for buyers prioritizing quicker payoff and lower total interest. Meanwhile, the FHA 30 Year Fixed Purchase rate has decreased by 11.5 basis points to 5.875%, reflecting a notable decline in yield spreads for long-term FHA financing. This reduction can improve affordability for first-time buyers seeking stability over three decades. Members should consider these dynamics when evaluating their mortgage options: those valuing predictability may lean toward fixed-rate programs, while buyers assessing long-term costs might find recent declines an opportune moment to review purchase strategies or refinance eligibility based on these evolving rates.
Mountain America
On July 23, 2025, 15-year FHA Purchase loans offer the lowest rate at 5.25%, down 12.5 basis points from last week and 24 basis points lower than 30 days ago, reducing borrowing costs for buyers seeking shorter terms. Meanwhile, the 30-year FHA Purchase rate stands at 5.875%, declining by 11.5 basis points over seven days and matching a similar 30-day improvement, which benefits members planning long-term homeownership with stable payments. These yield spreads indicate modest easing in government-backed mortgage rates, potentially improving affordability for first-time buyers relying on FHA options. Members should consider their financial goals: those prioritizing payment stability might evaluate fixed-rate FHA loans now reflecting favorable cost trends, while others could reassess refinancing strategies to leverage recent rate decreases and optimize loan terms effectively.
Schoolsfirst
On July 23, 2025, the 30-Year FHA Purchase mortgage rate remains steady at 6.375%, unchanged over the past week but down by 25 basis points compared to 30 days ago. This slight decline in yield spreads lowers the overall cost of borrowing, benefiting first-time homebuyers relying on government-backed programs. Stability in rates offers predictability for budgeting long-term payments, while the modest monthly improvement suggests a favorable window to evaluate financing strategies. Members should consider fixed-rate options if they prioritize payment consistency and assess refinancing opportunities to capitalize on recent rate reductions and reduce lifetime interest expenses. Maintaining awareness of these trends supports informed mortgage decisions aligned with individual financial goals.
Washington State Employees
On July 23, 2025, FHA 15-Year Fixed Rate Purchase loans increased by 12.5 basis points to 5.875%, marking a slight rise in borrowing costs for shorter-term FHA borrowers compared to last week. Meanwhile, the FHA 30-Year Fixed Rate Purchase loan saw a decline of 12.5 basis points, now at 6.000%, representing the lowest rate in today’s FHA offerings and offering improved affordability for long-term buyers.
These shifts suggest that borrowers prioritizing stable, longer-term payments may benefit from the decreased 30-year FHA rate, while those seeking quicker payoff terms face marginally higher yields on 15-year loans. First-time homebuyers and those with moderate down payments should consider these trends carefully when assessing financing options.
Given these movements, members are advised to evaluate fixed-rate FHA programs aligned with their timeline preferences and financial goals to optimize mortgage costs amid evolving yield spreads.
Zillow National Average
As the summer heat settles in, mortgage rates are showing signs of cooling, much like a refreshing breeze after a long day. Today’s rates reflect a modest dip, with the 30-Year Fixed Rate Jumbo falling by 0.02% since yesterday and down 0.17% over the past week. For first-time buyers, these small drops can translate into significant savings on monthly payments—a perfect opportunity to step into homeownership without breaking the bank.
However, while buyers may feel tempted to jump in, it’s wise to consider individual goals. Refinancers could benefit from locking in these favorable rates now, while investors might weigh potential rental yields against future market shifts. Remember, even a mere 0.25% increase can add thousands to your mortgage's lifetime cost.
With whispers of potential Fed rate hikes looming on the horizon, now is the time to act! Speak with a mortgage advisor today to explore your best options and don’t miss out on today’s potential savings. Stay informed as market conditions evolve; every basis point counts!
Federal Reserve Economic Trends
As of July 23, 2025, mortgage rates are experiencing notable fluctuations, most significantly in the 30-Year Jumbo Average Rates, which dropped by 0.23 points over the past week. This movement is indicative of broader trends in inflation expectations; as the Breakeven Inflation Rate for 10-Year Treasuries holds steady at 2.39%, it reflects market stability amid fluctuating costs.
For prospective homebuyers and refinancers, even a modest rate change can have considerable repercussions. For instance, a decline of just 0.23% in the mortgage rate could save you hundreds on monthly payments—translating to thousands over the life of a loan.
For those considering refinancing or purchasing a home, keeping an eye on these shifts is crucial. Consult with a mortgage advisor to determine if now is the right time to lock in your rate before any potential increases from Federal Reserve actions.
Stay alert for ongoing economic changes and Fed announcements that may influence future rates! Monitoring both inflation and mortgage trends is essential for making informed decisions in this dynamic market landscape.
LendMesh
Ever notice how some homebuyers seem to breeze through the mortgage process? Their secret is knowledge—and that’s what LendMesh is here to provide. We combine transparent mortgage rate comparisons, educational tools, and access to respected banks and community credit unions. Our resources help you ask the right questions and avoid costly mistakes, whether you’re buying your first home or refinancing for a better deal. We’re passionate about helping you make informed, confident choices on your journey to homeownership. For the latest home loan tips, expert guidance, and rate comparisons, check out our Mortgage Loans page: https://www.lendmesh.com/loans/mortgage_loans . your trusted path to a smarter mortgage.
Conclusion
Looking ahead, it’s clear that even small shifts in mortgage rates can ripple through your budget more than you might expect. A drop of just one-eighth of a percentage point on a 30-year fixed loan can trim hundreds off your monthly payment and save tens of thousands over the life of the loan. That means today’s slight declines—like the 0.125% drop in FHA 30-year fixed rates at Goldenwest and Mountain America—aren’t just numbers; they’re real opportunities to stretch your housing dollars further. For buyers and refinancers watching closely, this is prime time to get pre-approved or revisit your options before rates inch back up again. And remember, beyond just chasing the lowest rate, consider your loan terms carefully—sometimes a shorter term or lower points can be smarter moves depending on your goals. In uncertain markets like these, leaning into trusted lenders who offer transparency and flexibility is key. Keep an eye on inflation trends and credit union offerings—they often provide competitive edge deals that national averages miss. So take a deep breath, stay informed, and when you’re ready to act, locking in today’s competitive FHA 15-year fixed rates around 5.25% could be one of the best financial decisions you make this year.