Mortgage rates hit a new low for 2025, with the national average for a 30-year fixed mortgage at 6.15%, down from over 7% in January. Current rates include 30-year fixed at 6.16%, 20-year fixed at 5.93%, and 15-year fixed at 5.42%. Refinance rates are slightly higher, with a 30-year fixed at 6.18% and 15-year fixed at 5.53%. Economists expect rates to stay relatively stable, with the MBA forecasting rates around 6.4% through 2026 and Fannie Mae predicting a dip to 5.9% in Q4 2026 before increasing slightly in 2027.

Read more at Yahoo Finance: Last year, rates fell from 7% to near 6%