30-Year Mortgage Rates Hit a New Low for 2025
Rates on 30-year new purchase mortgages dropped for a sixth day Thursday, ticking down 1 basis point to an average of 6.59%. In the past six days, the flagship rate has shed 24 points. The current average of 6.59% establishes a new low point for this year.
With the spring homebuying season quickly approaching, buyers should know the mortgage rate forecast for March.
the Fed switched to a balance sheet "runoff" by not reinvesting funds as the securities mature.) With that guaranteed buyer out of the market, demand for MBS moved lower and mortgage rates went ...
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