Mortgage Rates Tick Down to 6.85% as Spring Selling Season Approaches
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30-Year Mortgage Rates Tick Up Slightly, Remain Near Recent Lows
Mortgage rates for 30-year loans increased slightly but are still hovering near their lowest level of 2025. Rate movement was mixed for other loan types.
Mortgage Rates Today: February 20, 2025 – Rates Remain Fairly Steady
Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.87%, down 0.11 percentage point from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,
Mortgage rates down marginally
Mortgage rates decreased marginally this week, with the 30-year fixed-rate mortgages staying below the 7% mark for five consecutive weeks, said the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.
Mortgage rates stay below 7% for fifth straight week
Mortgage rates have been slowly drifting lower in recent weeks, but remain stuck near 7%, a level that makes affordability challenging for many prospective homebuyers.
Current Mortgage Rates: February 20, 2025
According to Freddie Mac’s benchmark survey, the rate on a 30-year fixed-rate mortgage averaged 6.85% for the week ending February 20. The 30-year rate has decreased by less than 0.20 percentage points over the past five weeks.
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