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Current mortgage rates report for April 10, 2025: Rates continue to climb

See Thursday'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 10, 2025, mortgage rates have seen a slight increase across various loan types. The average rate for a 30-year fixed mortgage is now at 6.5%, up from last week's 6.45%, while the 15-year fixed mortgage rate has risen to 5.85% from 5.8%. Adjustable-rate mortgages (ARMs) have also edged up, with the 5/1 ARM now averaging 5.75%, a rise from 5.7% the previous week. Despite these increases, experts suggest that rates remain relatively stable and are still considered favorable compared to historical highs, advising potential homebuyers to consider locking in rates soon. Economic indicators and Federal Reserve policies continue to influence these rates, with ongoing monitoring recommended for those in the market for a new home loan.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-04-10-2025/ ]