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Current mortgage rates report for April 11, 2025: Interest rates continue their rapid rise

On April 11, 2025, mortgage rates have seen a slight decrease, with the average 30-year fixed-rate mortgage at 6.875%, down from 7% the previous week, according to Freddie Mac. The 15-year fixed-rate mortgage averaged 6.125%, and the 5/1 adjustable-rate mortgage (ARM) was at 6.25%. This drop in rates comes amidst economic indicators suggesting a cooling inflation rate, which has led to speculation that the Federal Reserve might cut interest rates later in the year. Homebuyers are advised to compare rates from multiple lenders to secure the best possible deal, as rates can vary significantly. The current environment suggests a potential window of opportunity for those looking to purchase or refinance a home.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-04-11-2025/ ]