Current mortgage rates have slightly decreased, with the 30-year fixed rate at 6.53% and the 15-year fixed rate at 5.67%, according to Zillow. The August Fannie Mae Housing Forecast predicts a 6.5% rate by the end of 2025. These rates are national averages rounded to the nearest hundredth. Mortgage refinance rates are also available, with the 30-year fixed rate at 6.55%. Different mortgage terms affect monthly payments, with a 30-year term at 6.53% resulting in a $1,902 payment. Factors like credit score and down payment influence rates, and buying down interest rates permanently or temporarily is an option to consider.

Read more at Yahoo Finance: Rates shouldn’t move much in 2025