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Slight Moves: Mortgage Rates Tick Down Again

  • April 3rd

by UrbanTurf Staff

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Mortgage rate chart 04-03-25 (2).png

Mortgage rates remained in their tick up/tick down cycle this week. 

Long-term mortgage rates fell slightly this week, continuing the trend of incremental moves in recent months. On Thursday, Freddie Mac reported 6.64% as the average on a 30-year mortgage, down one basis point from last week. 

“Over the last month, the 30-year fixed-rate has settled in, making only slight moves in either direction. This stability is reassuring, and borrowers have responded with purchase application demand rising to the highest growth rate since late last year,” said Sam Khater, Freddie Mac’s Chief Economist. 

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates, mortgage rate

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/slight_moves_mortgage_rates_tick_down_again/23365.

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