{"id":407,"date":"2025-03-07T09:00:59","date_gmt":"2025-03-07T10:00:59","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=407"},"modified":"2025-03-07T23:30:10","modified_gmt":"2025-03-07T23:30:10","slug":"mortgage-rates-today-march-7-2025-rates-remain-fairly-steady","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/03\/07\/mortgage-rates-today-march-7-2025-rates-remain-fairly-steady\/","title":{"rendered":"Mortgage Rates Today: March 7, 2025 \u2013 Rates Remain Fairly Steady"},"content":{"rendered":"
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Today’s average mortgage rate<\/a> on a 30-year fixed-rate mortgage is 6.67%, up 0.07 percentage point from the previous week, according to the Mortgage Research Center.<\/p>\n

Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage, which will typically have a lower rate than a 30-year, fixed-rate home loan. The average APR on a 15-year fixed mortgage is 5.71%. However, you’ll have higher monthly payments since you’re paying off your mortgage in 15 years instead of 30.<\/p>\n

If you want to refinance your existing mortgage, check out the average refinance rate<\/a>.<\/p>\n

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30-Year Mortgage Rates<\/h2>\n

Today, the average rate on a 30-year mortgage is 6.67%, compared to last week when it was 6.6%.<\/p>\n

The annual percentage rate (APR) on a 30-year, fixed-rate mortgage is 6.71%. The APR was 6.64% last week. APR<\/a> is the all-in cost of your loan.<\/p>\n

With today’s interest rate of 6.67%, a 30-year fixed mortgage of $100,000 costs approximately $643 per month in principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator<\/a> shows. Borrowers will pay about $131,656 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Rates<\/h2>\n

Today’s 15-year mortgage<\/a> (fixed-rate) is 5.66%, down 0.02 percentage point from the previous week. The same time last week, the 15-year, fixed-rate mortgage was at 5.68%.<\/p>\n

The APR on a 15-year fixed is 5.71%. It was 5.73% a week earlier.<\/p>\n

A 15-year, fixed-rate mortgage with today’s interest rate of 5.66% will cost $826 per month in principal and interest on a $100,000 mortgage (not including taxes and insurance). In this scenario, borrowers would pay approximately $48,598 in total interest.<\/p>\n

Jumbo Mortgage Rates<\/h2>\n

Today’s average interest rate on a 30-year fixed-rate jumbo mortgage (a mortgage above 2025’s conforming loan limit of $806,500 in most areas) climbed 0.05 percentage point from last week to 7.07%.<\/p>\n

Borrowers with a 30-year, fixed-rate jumbo mortgage with today’s interest rate of 7.07% will pay approximately $670 per month in principal and interest per $100,000 borrowed. That would be $141,276.<\/p>\n

How To Calculate Mortgage Payments<\/h2>\n

To get an estimate of your mortgage costs, using a mortgage calculator can help.<\/p>\n

Simply input the following information:<\/p>\n