Current mortgage rates report for May 1, 2025: Rates take another small step downward

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Tue, June 3, 2025

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NJ Spotlight News | First-time homebuyers face high prices and interest rates | Season 2023

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Current mortgage rates report for May 26, 2025: Rates hold steady after recent increase

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Want to buy a house? How to save for the down payment and closing costs

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Current mortgage rates report for May 1, 2025: Rates take another small step downward

//house-home.news-articles.net/content/2025/05/0 .. 2025-rates-take-another-small-step-downward.html

Published in House and Home on Thursday, May 1st 2025 at 3:49 GMT by Fortune

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 May 1, 2025, mortgage rates have seen a slight decrease, with the average 30-year fixed-rate mortgage at 6.5% and the 15-year fixed-rate at 5.75%. This drop is attributed to recent economic data suggesting a slowdown in inflation, prompting investors to adjust their expectations for future Federal Reserve actions. Despite the decline, rates remain higher than historical averages, impacting affordability for potential homebuyers. Experts suggest that while rates may fluctuate, the overall trend could be downward if inflation continues to moderate, but they caution that geopolitical tensions and economic indicators will play significant roles in future rate movements.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-01-2025/ ]

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