FX.co ★ US Mortgage Rates Lowest in 6 Weeks: MBA

In the week ending June 13th, 2025, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $806,500) in the United States decreased by 9 basis points to 6.84%, as reported by the Mortgage Bankers Association. This represents the lowest rate in six weeks, following a drop in Treasury yields after heightened tensions between Israel and Iran led to investors seeking safer assets. "The decline in mortgage rates last week was influenced by financial market volatility arising from the current geopolitical conflict and persisting uncertainties regarding tariffs," stated Joel Kan, Vice President and Deputy Chief Economist at the MBA.