Multiple important refinance rates climbed this week, but refinancing could be still make sense for other reasons.

Mortgage rates tend to fluctuate day by day. So if you’re planning to buy a home, it’s a good idea to keep a close watch on interest rates and weigh various mortgage options. One common type of mortgage is a conventional loan with a 15-year fixed interest rate.

Mortgage rates are expected to stay in the mid-to-upper 6% range in July 2025. Experts predict stability amid economic uncertainty.