From Yahoo Finance: 2025-04-15 12:47:00

Mortgage rates are currently higher than the sub-3% lows seen in 2021, making homebuying more challenging as prices continue to rise. The average rate on a 30-year fixed-rate mortgage sits in the mid-to-high 6% range, a far cry from the 2.96% low in 2021. Factors like the Federal funds rate, 10-year Treasury yield, inflation, global events, economic conditions, job market, and home-buyer demand all influence mortgage rates. Refinancing can make sense when rates drop, but it’s essential to consider personal factors like credit score, down payment, and loan type. Despite recent rate hikes, current rates remain lower than historical highs from the 1970s, 1980s, and 1990s, making homeownership more accessible for those with strong finances.



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