Mortgage rates drop to lowest point of year

Mortgage Rates Today: February 27, 2025 – Rates Move Down
The current average mortgage rate on a 30-year fixed mortgage is 6.63% with an APR of 6.66%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.71% with an APR of 5.
Today's Mortgage Rates | Rates Are the Lowest They've Been All Year. Will It Last?
These are today's mortgage and refinance rates. Mortgage rates have been trending down this week, but it's unclear if they'll remain low.
Mortgage Rates Have Now Dropped Every Day for a Week
Rates on 30-year new purchase mortgages dropped for a fifth day Thursday, slipping another 3 basis points to create a week-long decline of 23 points. The current average of 6.60% establishes a new low point for this year, with the last time rates were cheaper being two weeks before Christmas.
US Mortgage Rates Decline to 6.88%, Lowest Level This Year
US mortgage rates dropped last week to the lowest level this year, but not enough to spur a rebound lending activity.
How Trump could lower certain mortgage rates
Trump could order the Treasury Department to start buying mortgage-backed securities, like when the Federal Reserve bought roughly $1.45 trillion of MBSs during the Great Recession. That was popularly known as quantitative easing. Buying MBS can reduce mortgage rates by increasing competition and increasing mortgage market liquidity.
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.
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5-Year Fixed Mortgage Rates
Government bond yields, which dictate three-and five-year fixed mortgage rates, dipped significantly after the U.S. announced its intentions to slap tariffs on Canadian goods. Lenders quickly ...
Here Are Today’s Mortgage Refinance Rates: February 27, 2025 – Rates Decrease
The rate on a 30-year fixed refinance decreased to 6.72% today, according to the Mortgage Research Center. The 15-year, fixed ...
The 5 lenders offering mortgage rates under 4% after Nationwide's cuts
Some of the UK's largest mortgage lenders have cut their rates, following a drop in swap rates and the Bank of England base ...