Mortgage Interest Rates Drop

This is a news story, published by Yahoo Finance, that relates primarily to Freddie Mac news.

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mortgage rates

Yahoo Finance

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Business

Business & Economics

Mortgage and refinance interest rates today, May 2, 2025: Rates are notably lower than last year

Summary

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79% Informative

Freddie Mac says the national average 30-year fixed mortgage rate has fallen by five basis points to 6.76% .

The 15-year rate has dropped by 55 basis points since this week last year .

Use our mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments: Use our Yahoo Finance mortgage calculator.

Average mortgage rates have decreased over the last two weeks .

However, 5/1 and 7/1 ARM rates have similar to (or even higher than) 30-year fixed rates recently.

Mortgage rates could increase here and there in 2025 , but there's a good chance they will actually decrease a little by the end of the year .

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English

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