Steady rates are good for home buyers
From Yahoo Finance: 2025-05-09 06:00:00
Mortgage interest rates have held steady this week, with the average 30-year fixed rate at 6.76% and the 15-year fixed rate at 5.89%. It may be a good time to buy a house as rates are stable and more homes are on the market. Current mortgage rates include 30-year fixed at 6.71%, 15-year fixed at 5.96%, and 5/1 ARM at 7.14%. Refinance rates are slightly higher, with the 30-year fixed at 6.82%. Consider a fixed-rate mortgage for rate stability or an adjustable-rate mortgage if you plan to sell before the rate changes. Mortgage rates are not expected to significantly decrease in the near future.
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