From Yahoo Finance: 2025-03-31 06:00:00

Today’s mortgage rates have slightly decreased, with the average 30-year fixed rate at 6.59% and the 15-year fixed rate at 5.91%. It could be a good time to buy a house before rates potentially rise later in the year. National averages for various mortgage types are provided, including refinance rates which tend to be slightly higher than purchase rates. Factors to consider when choosing between a 15-year and 30-year mortgage are outlined, with examples of monthly payments and interest paid over the loan term. Adjustable-rate mortgages offer lower initial rates but may increase later, so it’s essential to shop around for the best rates. To secure lower rates, consider improving credit scores, saving for a higher down payment, or buying down interest rates with discount points. Overall, mortgage rates are holding steady, making now a good time for potential homebuyers to explore their options.



Read more at Yahoo Finance: It could be a good time to buy