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Current mortgage rates report for April 29, 2025: Rates hold steady after small dip


Published on 2025-05-01 04:49:52 - Fortune
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  • 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 29, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.125% and the 15-year fixed-rate at 6.375%. Despite the rise, rates remain competitive compared to historical highs, influenced by ongoing economic recovery and inflation trends. Homebuyers are advised to compare rates from multiple lenders to secure the best deal, as even small differences can lead to significant savings over the life of a loan. Additionally, experts suggest that potential buyers should consider locking in rates soon, as they are expected to rise further due to anticipated Federal Reserve actions.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-04-29-2025/ ]