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Current mortgage rates report for April 22, 2025: Rates hold steady, slightly down from recent highs

See Tuesday's report on average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.
On April 22, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.125%, up from last week's 7.000%, and the 15-year fixed-rate mortgage at 6.375%, up from 6.250%. The rise in rates is attributed to ongoing inflation concerns and the Federal Reserve's cautious approach to monetary policy. Despite the uptick, experts suggest that homebuyers should consider locking in rates soon, as they are expected to remain stable in the near term but could rise further if economic conditions change. Additionally, the article notes that adjustable-rate mortgages (ARMs) are seeing increased interest due to their initially lower rates, with the 5/1 ARM averaging at 6.000%.

Read the Full Fortune Article at:
https://fortune.com/article/current-mortgage-rates-04-22-2025/