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What’s Ahead For Mortgage Rates This Week – July 21st, 2025

July 21, 2025 by Kay Monigold

While inflation has slowed down since the pandemic, it is showing a faster-than-expected rise for consumers, as the CPI (Consumer Price Index) has reported a higher than expected 0.3% increase, contrasted to the 0.2% expected increase.

Meanwhile, the PPI (Producer Price Index) has proven to be entirely flat, with the largest takeaway being that signs of tariff-related inflation are — at best — scattered among data reports, leading to many speculating that the impacts have been overestimated.

Given continued inflation for consumers, it is very unlikely the Federal Reserve will make any adjustments to the rate as it adopts a “wait-and-see” approach to the administration’s policies. Another noteworthy data release is retail sales, which has shown to snap back after the concerns about tariffs and widespread price increases have eased.

Consumer Price Index
Consumer prices in June posted the biggest increase since the beginning of the year and are likely to keep the Federal Reserve from cutting interest rates later this month, but there were only scattered signs of tariff-related inflation. The consumer-price index rose 0.3% last month, the government said Tuesday, and matched Wall Street’s forecast. It was the biggest rise since January.

Producer Price Index
Wholesale prices were unchanged in June and showed only a mild effect from U.S. tariffs, adding to the growing view that trade wars won’t lead to a big surge in inflation. The flat reading in the producer-price index came in below the Wall Street forecast of a 0.2% increase.

Retail Sales
Receipts at retail cash registers rose 0.6% last month, the government said Thursday, based on seasonally adjusted numbers. That was three times the Wall Street estimate.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw an increase of 0.06% for this week, with the current rates at 5.92%
• 30-Yr FRM rates saw an increase of 0.03% for this week, with the current rates at 6.75%

MND Rate Index
• 30-Yr FHA rates saw an increase of 0.04% for this week, with the current rates at 6.39%
• 30-Yr VA rates saw an increase of 0.03% for this week, with the current rates at 6.40%

Jobless Claims
Initial Claims were reported to be 221,000 compared to the expected claims of 234,000. The prior week landed at 228,000.

What’s Ahead
After inflation reports, there will only be the Leading Indicators report in the schedule for next week.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Could You Save Money by Refinancing Right Now?

July 18, 2025 by Kay Monigold

Understanding the Real Benefits
The most common reason to refinance is to lower your monthly payment by getting a better interest rate. But refinancing can also help you pay off your loan faster, switch from an adjustable to a fixed rate, or tap into your home equity for important expenses. If your credit score has improved, or if your home has gained value, you may qualify for better loan terms now than when you originally purchased.

Lower Monthly Payments or Faster Payoff
Even a small drop in your interest rate can make a big difference over the life of your loan. For example, reducing your rate by half a percent could save thousands over the years. On the other hand, if your goal is to be mortgage-free sooner, you could refinance into a shorter term and build equity faster, sometimes with only a slight increase in your monthly payment.

Accessing Home Equity Wisely
Refinancing can also allow you to access the equity in your home through a cash-out refinance. This can be a smart option for major renovations, debt consolidation, or even funding education. However, it is important to treat home equity with care and work with a mortgage professional who can walk you through the pros and cons based on your long-term goals.

Is Now the Right Time for You
Refinancing is not one-size-fits-all. Your decision should depend on your current interest rate, how long you plan to stay in your home, closing costs, and your financial goals. Even with rates higher than they were a few years ago, refinancing may still offer financial advantages depending on your situation.

Let’s Run the Numbers Together
Before you decide, it helps to see the numbers clearly. I can review your current mortgage, compare options, and show you exactly what refinancing could mean for you. There is no pressure, just real information to help you make the best choice for your future.

Filed Under: Financial Reports Tagged With: Mortgage Tips, Refinance Reports, Save Money

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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