Mortgage and Refinance Rates Today, March 8, 2025: Rates Fall in Response to Latest Jobs Report
Mortgage and refinance rates have declined slightly today, influenced by the latest jobs report indicating fewer new jobs and a slight rise in unemployment. The average 30-year fixed mortgage rate is now at 6.31%, reflecting a trend where rates typically decrease during economic uncertainty. Homebuyers may find this weekend to be an opportune time to secure favorable loan terms.
- This fluctuation in mortgage rates highlights the intricate relationship between economic indicators and housing market dynamics, reminding potential buyers of the importance of timing and market awareness.
- As home prices stabilize, how will shifting mortgage rates influence buyer behavior and overall housing market activity in the coming months?