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Current mortgage rates report for April 17, 2025: Elevated rates holding steady

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On April 17, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 6.50% and the 15-year fixed-rate at 5.875%. The rise in rates is attributed to ongoing economic recovery and inflation concerns, prompting the Federal Reserve to maintain a cautious approach to monetary policy. Despite the uptick, homebuyers are still actively seeking properties, though affordability remains a challenge, particularly for first-time buyers. Experts suggest that potential buyers should consider locking in rates soon, as they are expected to remain stable or rise slightly in the coming months.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-04-17-2025/ ]