From Yahoo Finance: 2025-04-15 06:00:00

Mortgage interest rates have fluctuated today, with the 30-year fixed-rate mortgage seeing a decrease. The 30-year fixed purchase rate has dropped by four basis points to 6.86%, while the refinance rate is down five basis points. These rates are national averages, so individual rates may vary based on location and financial profile.

Current mortgage rates, according to Zillow data, are as follows: 30-year fixed at 6.86%, 20-year fixed at 6.83%, 15-year fixed at 6.19%, 5/1 ARM at 7.10%, 7/1 ARM at 7.35%, 30-year VA at 6.46%, 15-year VA at 6.07%, and 5/1 VA at 6.43%. Remember that these rates are national averages rounded to the nearest hundredth.

Refinance rates, also from Zillow data, show the following national averages: 30-year fixed at 6.86%, 20-year fixed at 6.60%, 15-year fixed at 6.17%, 5/1 ARM at 6.80%, 7/1 ARM at 7.29%, 30-year VA at 6.51%, 15-year VA at 6.17%, and 5/1 VA at 6.46%. Refinance rates tend to be higher than purchase rates.

Economists project a slight decrease in mortgage rates by the end of 2025, but significant drops are not anticipated. Recent trends show rates mostly increasing or remaining steady, influenced by Federal Reserve decisions on the federal funds rate. The trajectory of future rates will hinge on Fed actions during its upcoming 2025 meetings.

Mortgage rates for home purchases and refinances are currently at 6.86%, based on national averages. While some decrease is expected by the end of 2025, it may not be substantial. Factors like economic conditions, inflation, and Federal Reserve policies will play a role in determining the extent of any rate changes.



Read more at Yahoo Finance: Mortgage and refinance interest rates today, April 15, 2025: 30-year rates drop