Today's Mortgage Rates, April 25, 2025: Rates Dip Below 6.9%

While mortgage rates always fluctuate, the direction of the housing market is more uncertain than ever. Lingering inflation, threats of a global trade war and mounting recession fears have driven mortgage rates up and down over the last period.

For a 30-year fixed-rate mortgage, the average rate you'll pay is 6.85% today, a decrease of -0.01% compared to one week ago. The average rate for a 15-year fixed mortgage is 6.06%, 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 ...