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Mortgage rates touch lowest of 2025
Mortgage Rates Today: February 6, 2025 – Rates Remain Fairly Steady
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.85%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.86%. On a 30-year jumbo mortgage, the average rate is 7.
Mortgage rates touch the lowest of 2025, but remain just shy of 7%
Mortgage interest rates slipped lower over the past week, settling at the lowest level of 2025, but remaining elevated enough to stifle normal levels of buying and selling in the housing market.
Current 15-Year Mortgage Rates
According to the latest data from Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate is currently around 6.00%. That’s nearly a full percentage point lower than the average 30-year fixed mortgage rate, which is sitting in the upper 6.00% range.
Mortgage rates edge lower, remain near 7%
Mortgage rates fell slightly again this week but long-term rates remain in the upper-6% range as the housing market continues to drag, waiting for greater declines.
Mortgage Rates Decrease
The 30-year fixed-rate mortgage decreased this week, now averaging 6.89%,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing.
UK Inflation Drops to 2.5%—What It Means for Interest Rates, Mortgages, and Savings
The Bank of England is expected to lower interest rates for the first time in months, as it seeks to counteract the UK’s sluggish economic growth. Economists anticipate a 0.25 percentage point reduction,
15h
on MSN
‘Mortgage rates will pull back:’ 4 pros predict where mortgage rates will go in February 2025
For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of ...
17h
on MSN
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective ...
1h
Fannie Mae Underpins the Mortgage Market. Should the Government Sell It?
Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17 years ago. The Trump administration is considering letting them go private again.
NerdWallet on MSN
13h
Weekly Mortgage Rates Trickle Down; Refinances Are on the Rise
Mortgage rates are unlikely to see major drops any time soon, as economic markets wait to see what comes of the Trump ...
CNET on MSN
1d
Mortgage Rate Predictions for Week of Feb. 3-9, 2025
Mortgage rates fluctuate daily, so a little volatility can always be expected. On Monday, the average rate on a 30-year fixed ...
1h
Barclays, HSBC and Nationwide reduce mortgage rates after Bank of England interest cut – see the full list
MORTGAGE lenders have swiftly reduced their rates following the Bank of England’s decision to lower the base rate to 4.5% ...
17h
on MSN
Mortgage rates drop leading to increased purchase applications
Mortgage rates fell this week, making way for an increase in purchase applications, according to the latest Freddie Mac ...
1d
Which Costs More: A Super Bowl Ticket or Your Mortgage?
A study compared the cost of the cheapest seat at Sunday’s game to a typical monthly mortgage payment in 50 major U.S. metros ...
25m
TSB profits surge 22.4% despite grappling with 'challenging mortgage market'
This financial upturn occurred even though TSB's income dipped by 1.4% to £1.14bn due to shrinking mortgage margins. With ...
1d
on MSN
Homebuyer mortgage demand drops further, a troubling sign for the spring market
Homebuyers are seeing very little reason to get a jump on the all-important spring housing market, even with more listings ...
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