{"id":17325,"date":"2025-06-26T21:02:01","date_gmt":"2025-06-26T21:02:01","guid":{"rendered":"https:\/\/finderica.com\/?p=17325"},"modified":"2025-06-26T21:02:01","modified_gmt":"2025-06-26T21:02:01","slug":"weekly-mortgage-rates-continue-to-fall-as-the-fed-debates-timing","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=17325","title":{"rendered":"Weekly Mortgage Rates Continue to Fall as the Fed Debates Timing"},"content":{"rendered":"
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Mortgage rates have fallen throughout June, though it’s been more like a gentle roll down a hill than a tumble off a cliff.<\/span><\/p>\n<\/div>\n

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The average rate on a 30-year fixed-rate mortgage fell one basis point to 6.84% the week ending June 26, according to rates provided to SS by Zillow. A basis point is one one-hundredth of a percentage point. <\/span><\/p>\n<\/div>\n

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Overall, that average is 11 basis points below where we began the month. But tenths of a percentage point matter with <\/span>mortgage interest rates<\/span> \u2014 making today’s 6.84% feel much friendlier than early June’s 6.95%. <\/span><\/p>\n<\/div>\n

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Could we see lower mortgage rates in July? Eyes are again turning to the Federal Reserve, which meets at the end of the month. The ink is barely dry on last week’s decision to hold rates steady, but rumors of a potential July rate cut are already swirling.<\/span><\/p>\n<\/div>\n

Dot plot drama<\/span><\/h2>\n
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The Federal Reserve’s bankers tend to present a united front, so any signs of dissension are eye-catching. The “dot plot” released along with the Fed’s June 18 decision suggested potential disagreement among the policymakers. Each dot represents one anonymous Fed member and indicates where they think the <\/span>federal funds rate<\/span> (the interest rate actually set by the Fed) should be. <\/span><\/p>\n<\/div>\n

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These estimates come out every other Fed meeting, and June’s projections showed more polarization than March. Back then, four bankers thought no cuts were needed this year. In June, that number rose to seven. That doesn’t sound like a big shift, but bear in mind we’re only talking about 19 people total. <\/span><\/p>\n<\/div>\n

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More strikingly, there’s still a substantial contingent that does foresee cuts. In both March and June, about half the bankers predicted at least half a percentage point drop. But don’t forget, the number that don’t anticipate any cuts has grown. It certainly gives the appearance of a widening gulf within the group. <\/span><\/p>\n<\/div>\n

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A July cut still seems like a long shot; markets currently anticipate a 25% chance of a rate cut at that meeting. But there’s more than a month until the July 30 announcement, which is plenty of time for minds to change.<\/span><\/p>\n<\/div>\n

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