After reaching a peak of 7.04% in January 2025, mortgage rates retreated to the mid-6% range in March but then reversed ...

Why now isn't a good time to refinance your mortgage "If [your] current rate is already low, the savings from today's rates won't justify the closing costs," Glick cautions. Calixto agrees that ...

Today's refinance rate trends. Late last year, mortgage rates climbed back into the 7% range after the Federal Reserve said it would adopt a slower pace of interest rate cuts in 2025 due to ...

Mortgage refinance rates are expected to inch down over the coming months, but are unlikely to drop below 6.5% without multiple interest rate cuts and weaker economic data.

Refinance rate news. At the start of 2025, many expected inflation to keep cooling down and the Fed to cut interest rates, which would have gradually lowered mortgage refinance rates.

Current refinance rate trends. At the start of 2025, many expected inflation to keep cooling down and the Federal Reserve to cut interest rates, which would have gradually lowered mortgage ...

If you're shopping for the best refinance rate, keep an eye out for lower rates. Mortgage Refinance Rates Fall: Today's Refinance Rates, April 21, 2025 Skip to main content ...

The current average interest rate for a 30-year fixed mortgage is 6.86% for purchase and 6.88% for refinance, according to the latest data from Bankrate — up 3 basis points from 6.83% for ...

Check our interactive map to find today's average 30-year mortgage refinance rate for any U.S. state. Right now, the cheapest refi states are New York, California, and Florida.

What experts say could happen with mortgage rates. It's impossible to know for certain what will happen to mortgage rates in 2025. On the one hand, if inflation continues to fall, as it was ...

Refinance rates for 30-year loans fell a bold 8 basis points Wednesday, reducing the average to 7.09%. It's a significant improvement vs. a recent peak of 7.32%, and is the lowest average since May 8.