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Mortgage Rates Hold Steady After Early March Drop

Thread starter Hoca
Start date Apr 6, 2025

Hoca

Administrator

Staff member

Apr 6, 2025

Mortgage rates dropped significantly at the start of March before stabilizing, with the average 30-year fixed-rate mortgage settling at 6.65%, according to Freddie Mac. This marks a 19-basis-point (bps) decline from February. Meanwhile, the 15-year fixed-rate mortgage fell by 20 bps to 5.83%. The drop in long-term borrowing costs was driven by a 24-bps decline...

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