{"id":569,"date":"2025-04-25T10:00:17","date_gmt":"2025-04-25T10:00:17","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=569"},"modified":"2025-04-25T22:50:26","modified_gmt":"2025-04-25T22:50:26","slug":"mortgage-rates-today-april-25-2025-rates-remain-fairly-steady","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/04\/25\/mortgage-rates-today-april-25-2025-rates-remain-fairly-steady\/","title":{"rendered":"Mortgage Rates Today: April 25, 2025 \u2013 Rates Remain Fairly Steady"},"content":{"rendered":"

The current average mortgage rate<\/a><\/span> on a 30-year fixed mortgage is 6.88%<\/strong>, compared to 6.81% 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 5.91%<\/strong>, up 0.78% from the previous week.<\/p>\n

Homeowners who want to lock in a lower rate by refinancing should compare their existing mortgage rate to today’s refinance rates<\/a><\/span>.<\/p>\n

<\/div>\n

!function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); <\/p>\n

30-Year Mortgage Rates\u2014Climb 1.13%<\/strong><\/h2>\n

Today’s 30-year mortgage\u2014the most popular mortgage product\u2014is 6.88%, up 1.13% from a week earlier.<\/p>\n

The interest rate is just one fee included in your mortgage. You’ll also pay lender fees, which differ from lender to lender. Both interest rate and lender fees are captured in the APR<\/a><\/span>. This week the APR on a 30-year fixed-rate mortgage is 6.92%. Last week, the APR was 6.84%.<\/p>\n

Let’s say your home loan is $100,000 and you have a 30-year, fixed-rate mortgage with the current rate of 6.88%, your monthly payment will be about $658, including principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator<\/a><\/span> shows. That’s around $137,481 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Rates\u2014Climb 0.78%<\/strong><\/h2>\n

Today, the 15-year mortgage<\/a><\/span> rate jumped up to 5.91%, higher than it was at this time yesterday. Last week, it was 5.86%.<\/p>\n

On a 15-year fixed, the APR is 5.96%. Last week it was 5.92%.<\/p>\n

A 15-year fixed-rate mortgage of $100,000 with today’s interest rate of 5.91% will cost $839 per month in principal and interest. Over the life of the loan, you would pay $51,544 in total interest.<\/p>\n

Jumbo Mortgage Rates\u2014Drop 0.38%<\/strong><\/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) fell 0.38% from last week to 7.31%.<\/p>\n

Borrowers with a 30-year, fixed-rate jumbo mortgage with today’s interest rate of 7.31% will pay approximately $686 per month in principal and interest per $100,000 borrowed. That would be $147,466.<\/p>\n

Overview of 2025 Mortgage Rate Trends to Date<\/strong><\/h2>\n

Mortgage rates initially trended downward post-spring 2024. However, they surged again in October 2024\u2014despite cuts by the Federal Reserve to the federal funds rate (its benchmark interest rate) in September, November and December 2024.<\/p>\n

Rates began to drop again in mid-January 2025, but experts don\u2019t forecast them falling by a significant amount in the near future.<\/p>\n

When Will Mortgage Rates Go Down?<\/strong><\/h2>\n

Various economic factors influence mortgage rates, making it challenging to forecast when rates will drop<\/a><\/span>.<\/p>\n

The Federal Reserve’s decisions significantly impact mortgage rates. In response to inflation or an economic downturn, the Fed may lower its federal funds rate, prompting lenders to reduce mortgage rates.<\/p>\n

Mortgage rates also track U.S. Treasury bond yields. If bond yields drop, mortgage rates typically follow suit.<\/p>\n

Finally, global events that cause financial disruptions can affect mortgage rates. For example, the Covid-19 pandemic led to record-low interest rates when the Fed cut rates.<\/p>\n

While a significant decrease in mortgage rates is unlikely in the near future, they may start to decline if inflation eases or the economy weakens.<\/p>\n

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

Before you look for a house, you should get to know your budget. This will give you an idea of the type of house you can afford. Start by using a mortgage calculator to get a rough estimate.<\/p>\n

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