Six weeks of rate drops just saved you real money

Today's average 30-year fixed rate is 6.375% (6.424% APR). That's the lowest it's been since May 14th. The drop didn't happen all at once. It built up, one tiny move at a time, over the past six weeks. The bond that drives mortgage rates (the 10-year Treasury) ticked down again today to 4.38%. That points to rates edging a little lower still.

What does that mean for your payment? If you were looking at a $500,000 loan six weeks ago when rates sat around 6.7%, your monthly payment was about $3,237. At today's 6.375% (6.424% APR), it's $3,119. You just saved $118 a month, or $42,480 over the life of the loan. That's the kind of move that opens up a new price bracket or puts money back in your pocket every month.

If you've been waiting for a better window, this is it. I answer my own phone. Let's run your numbers and figure out what you can actually afford right now.

Rates shown are today's average California rates as of 6/24/2026, for general information only and not an offer or commitment to lend. Your actual rate and APR depend on your credit, loan amount, down payment, and property, and rates and terms can change at any time. Brett Hickman, NMLS #2010859. Home First Financial, NMLS #2465048. Equal Housing Lender.