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Current mortgage rates report for May 7, 2025: Rates move slightly up

Current mortgage rates report for April 7, 2025: Rates take a noteworthy drop

//house-home.news-articles.net/content/2025/05/0 .. r-april-7-2025-rates-take-a-noteworthy-drop.html

Published in House and Home on Thursday, May 8th 2025 at 13:09 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

See Monday'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.

2025-07-20 312 x 156 / 109294 Bytes

On April 7, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 6.875%, up from last week's 6.75%. The 15-year fixed-rate mortgage stands at 6.125%, and the 5/1 adjustable-rate mortgage (ARM) is at 6.25%. Despite the rise, experts suggest that rates may stabilize soon due to moderating inflation and steady economic growth. Homebuyers are advised to compare rates from multiple lenders to secure the best possible deal, as even small differences in rates can significantly impact long-term costs. Additionally, the article notes that the Federal Reserve's policies continue to influence mortgage rates, with potential rate cuts later in the year possibly leading to lower borrowing costs.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-04-07-2025/ ]