04/07/2025
This Week's Average Mortgage Interest Rates:
"Mortgage rates fall, remain well below 7%
Mortgage rates dipped this week, with 30-year fixed-rate loans averaging 6.67 percent, according to Bankrate’s latest lender survey. Mortgage rates on 30-year loans pushed past 7 percent in early 2025, but they’ve retreated since then and haven't been this low since October 2024, when the Federal Reserve finally cut rates.
In recent economic headlines, the Fed has yet to cut rates this year, but it’s worth remembering that the central bank doesn’t control mortgage rates directly. Rather, mortgage rates tend to move with 10-year Treasury yields, which have bounded around amid uncertainty surrounding President Donald Trump’s tariff policies and federal employment cuts."
Read more here:
https://www.bankrate.com/mortgages/mortgage-rates/ -news