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 have dropped for five weeks in a row. But will they continue to do so this July? Here's what to consider.

As of July 11, 2025, mortgage rates remain mixed, with the 30-year fixed at 6.625% and 15-year rates at 5.75%.