Positive

From Yahoo Finance: 2025-05-02 06:00:00

Mortgage interest rates have dropped this week, with the national average 30-year fixed rate falling by five basis points to 6.76% and the 15-year fixed rate down two basis points to 5.92%. Compared to a year ago, the average 30-year rate is down 46 basis points, making it a better time for hopeful home buyers. Current mortgage rates include 30-year fixed at 6.61%, 20-year fixed at 6.30%, and 15-year fixed at 5.90%. Refinance rates are slightly higher, with a 30-year fixed at 6.64% and a 15-year fixed at 6.01%. Mortgage rates are expected to decrease slightly by the end of the year.



Read more at Yahoo Finance: Rates are notably lower than last year