U.S. Mortgage Rates Remain Near 2025 Lows After Recent Fluctuations

National averages for 30-year fixed-rate mortgages ticked up slightly to 6.82%, while refinance rates held steady near their lowest levels of the year.

• The average 30-year fixed mortgage rate rose by 3 basis points to 6.82%, following a two-day drop of 14 basis points.
• Refinance rates for 30-year fixed loans edged up 1 basis point to 6.97%, maintaining levels close to their mid-December lows.
• State-level mortgage rates varied, with New York, Florida, and California offering some of the lowest rates (6.72%-6.80%), while Alaska and Iowa had the highest (6.86%-6.88%).
• The Federal Reserve's recent decision to hold the federal funds rate steady is contributing to the stabilization of mortgage rates after significant fluctuations in 2023.
• Borrowers are encouraged to shop around, as mortgage rates can differ widely depending on lenders, credit scores, and loan types.

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