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Mortgage rates are holding steady as of Tuesday, February 11, 2025, pushing the 30-year fixed benchmark under 7.00% ahead of fresh consumer and wholesale inflation data this week.
For this reason, 2025 could be a great time to refinance your mortgage. And there are steps you can take to make sure refinancing pays off as much as possible in the new year.
For much of 2023 and parts of 2024, mortgage rates were above 7%. So if you locked in a mortgage rate of 7.25% and rates fall to 5.9% in 2025, that's a wide enough spread for a refinance to make ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Mortgage rates are relatively steady as of Tuesday, January 21, 2025, with the 30-year fixed benchmark now averaging over 7.10% a day after President Donald Trump was sworn in for a second term in ...
The current average interest rate for a 30-year fixed mortgage is 7.10% for purchase and 7.08% for refinance, increasing 6 basis points from 7.04% for purchase and 1 basis point from 7.07% for ...
“Looking at the end of this year and into 2025, I foresee mortgage rates staying in the 6% range, likely bouncing between 6% and 7%,” shared Dan Richards, president of Flyhomes Mortgage. “A ...
Rates on a 15-year mortgage stand at an average 6.38% for purchase and 6.41% for refinance — up 6 basis point from 6.32% for purchase and 7 basis point from 6.34% for refinance this time last week.