Happy July from Reyes Home Lending!
Summer is in full swing across the country, and whether you’re buying, selling, or simply watching the market, it’s a great time to stay informed.
On a personal note, June was a productive month on my end. I’ve been putting the finishing touches on some home projects and getting everything dialed in for a busy summer ahead. Now let’s dive into the key trends shaping the market this month.
📊 Mortgage Rate Highlights (as of July 2, 2025):
- 30-Year Conforming: 6.675% ↑
- 30-Year Jumbo: 6.892% ↑
- 30-Year FHA: 6.482% ↑
- 30-Year VA: 6.290% ↑
- 30-Year USDA: 6.504% ↑
- 15-Year Conforming: 5.833% ↑
💬 Rates are national averages and may vary based on credit, location, and loan type. Always reach out for a personalized quote!
🏠 July 2025 Housing Market Trends
Mortgage rates increased slightly across the board in early July. Jumbo loans saw the biggest jump, while 30-year conventional rates remained relatively stable. Despite this, many buyers remain active in the market—especially those who are well-prepared and pre-approved.
With more homes coming to market and summer being a prime moving season, we’re seeing increased interest from both first-time buyers and those making strategic moves.
💡 Loan Product of the Month: VA Loan Benefits and Eligibility 2025
If you or someone you know is a veteran or currently serving in the military, a VA loan may be one of the best home financing options available:
- $0 down payment
- No private mortgage insurance (PMI)
- Competitive interest rates
I’m always happy to answer questions or guide someone through their VA loan eligibility.
💪 July Home Maintenance Tip
Flush your water heater.
Sediment buildup over time can lower the efficiency of your water heater and shorten its lifespan. Doing a simple flush once a year—especially in summer—can keep it running smoothly and help reduce your energy bill.
💬 Quote of the Month
“You don’t need to be smart. You need to be consistent.”
Whether it’s financial goals, homeownership, or business—it’s consistency that wins.
💬 Let’s Stay Connected
If this update was helpful, feel free to share it or forward it to a friend or client. Referrals help my business grow, and I’m always grateful for the trust and support from my community.
Wishing you a happy and productive July!
— Jaime Reyes