Mortgage rates dropped significantly, making it a good time to buy a house

From Yahoo Finance: 2025-04-07 06:00:00

Mortgage rates have dropped significantly, with the 30-year fixed rate falling to 6.39% and the 15-year rate down to 5.72%. Now could be a good time to buy a house as more homes hit the market. Remember, these rates are national averages and rounded to the nearest hundredth. Refinance rates are slightly higher than purchase rates, with the 30-year fixed refinance rate at 6.43% and the 15-year rate at 5.79%. Factors to consider include down payment, credit score, and debt-to-income ratio when looking for lower rates. Adjustable-rate mortgages may start lower but could increase after the initial period. Consider all options before committing.



Read more at Yahoo Finance: Rates fall 20 basis points in a week