Today's Mortgage Rates, April 24, 2025: Lower by a Hairsbreadth

With mortgage rates in flux, the housing market remains unaffordable and unpredictable. Lingering inflation, threats of a global trade war and mounting recession fears have driven mortgage rates up and down over the last period.

The average interest rate for a standard 30-year fixed mortgage is 6.90% today, down -0.01% compared to one week ago. The average rate for a 15-year fixed mortgage is 6.11%, which is a decrease of -0.02% from the same time last week.

Most housing economists expect average rates for a 30-year fixed mortgage to hover between 6.5% and 7% throughout the year, which could encourage some homebuyers to enter the market in time for spring. At the same time, high home prices and limited inventory, on top of the loss of purchasing power, remain a challenge.

"Waning consumer confidence and potential job losses in a recession ...