India, July 4 -- The current 30-year fixed mortgage rate is 6.68%, down 0.08 percentage points from last week, according to CNET. The average interest rate for a 15-year fixed-rate mortgage is 5.85%, down by 0.07%.

The average rate for a 30-year fixed jumbo mortgage is 6.80%, down by 0.02%. A jumbo loan is a mortgage more than the loan limit set by the FHFA for that zone.

Mortgage rates have stayed high throughout 2025. High mortgage rates are a result of inflation, trade issues, and economic uncertainty. Up to this point this year, there have been no changes to the Federal Reserve's base interest rates and a cautious approach is being taken, per the outlet.

There are many experts who believe the Fed would begin rate cuts in September,...