{"id":499,"date":"2025-04-04T10:00:19","date_gmt":"2025-04-04T10:00:19","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=499"},"modified":"2025-04-04T22:50:15","modified_gmt":"2025-04-04T22:50:15","slug":"mortgage-rates-today-april-4-2025-rates-move-down","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/04\/04\/mortgage-rates-today-april-4-2025-rates-move-down\/","title":{"rendered":"Mortgage Rates Today: April 4, 2025 \u2013 Rates Move Down"},"content":{"rendered":"

The current average mortgage rate<\/a><\/span> on a 30-year fixed mortgage is 6.58%, compared to 6.74% a week earlier, according to the Mortgage Research Center.<\/p>\n

For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.60%, down 0.19 percentage point from the previous week.<\/p>\n

If you want to lock in a lower rate by refinancing, compare your existing mortgage rate to today’s refinance rates<\/a><\/span>.<\/p>\n

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

Today’s average rate on a 30-year mortgage (fixed-rate) dropped to 6.58% from 6.59% yesterday. Last week, the 30-year fixed was 6.74%.<\/p>\n

The APR on a 30-year fixed dropped to 6.61%. This time last week, it was 6.78%. APR<\/a><\/span> is the all-in cost of your loan.<\/p>\n

At today\u2019s interest rate of 6.58%, borrowers will pay $637 per month in principal and interest (taxes and fees not included) for every $100,000 borrowed on their 30-year fixed-rate mortgage, the Forbes Advisor mortgage calculator<\/a><\/span> shows. In total interest, you’d pay $129,323 for every $100,000 borrowed over the life of the loan.<\/p>\n

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

Today’s 15-year mortgage<\/a><\/span> (fixed-rate) is 5.6%, down 0.19 percentage point from the previous week. The same time last week, the 15-year, fixed-rate mortgage was at 5.79%.<\/p>\n

The APR on a 15-year fixed is 5.65%. It was 5.84% a week earlier.<\/p>\n

A 15-year, fixed-rate mortgage with today’s interest rate of 5.6% will cost $822 per month in principal and interest on a $100,000 mortgage (not including taxes and insurance). In this scenario, borrowers would pay approximately $47,994 in total interest.<\/p>\n

Jumbo Mortgage Rates<\/h2>\n

The current 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) is 7.02%. Last week, the average rate was 7.14%.<\/p>\n

If you lock in the latest rate on a 30-year, fixed-rate jumbo mortgage, you will pay $667 per month in principal and interest per $100,000 borrowed, which amounts to $139,944 in total interest over the life of the loan.<\/p>\n

How Much House Can I Afford?<\/h2>\n

Everyone’s budget and financial goals vary. How much house you can afford comes down to a number of factors, including what you earn and what you owe. You’ll also want to consider how much you want to save for retirement, school and other expenses down the road.<\/p>\n

Here are a few basic factors that go into what you can afford:<\/p>\n