Mortgage and Refinance Rates Today, March 4, 2025: Rates Hold Steady
Today's mortgage and refinance rates show minimal movement after two weeks of fluctuations, with the average 30-year fixed rate at 6.26% and the 15-year fixed rate at 5.58%. Despite minor increases and decreases, this stability signals a potential turning point for buyers considering preapproval with lenders. Economic factors and Federal Reserve decisions will continue to influence these rates throughout 2025, with gradual decreases anticipated but no drastic changes expected.
- The current landscape highlights the delicate balance between economic conditions and mortgage affordability, prompting potential buyers to carefully assess their financial readiness before committing.
- As the Federal Reserve navigates interest rates, how will changes in inflation and economic growth shape the mortgage market's landscape in the coming months?