India, July 5 -- Mortgage rates hiked a little on July 5, but weren't too high. Today, the average 30-year fixed mortgage rate increased by one basis point to 6.59%, as per Yahoo Finance.

Steady rates were a good sign for people wanting to lock in a mortgage. Sure, borrowers preferred lower rates, but having stable ones was better than dealing with big changes. The housing market already saw a lot of ups and downs in 2025.

The following were the average mortgage rates recorded today, according to Zillow.

* 30-year fixed: 6.59%

* 20-year fixed: 6.24%

* 15-year fixed: 5.81%

* 5/1 ARM: 7.36%

* 7/1 ARM: 7.38%

* 30-year VA: 6.14%

* 15-year VA: 5.60%

* 5/1 VA: 6.29%

Most of the time, mortgage rates function closely with the yields on...