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Mortgage and refinance rates today, January 1, 2025: New year, higher rates

Yahoo Finance
Summary
Nutrition label

75% Informative

To kick off 2025 , mortgage rates are increasing.

The 30-year fixed mortgage rate is up six basis points to 6.70% and the 20-year .

Mortgage interest rates should decrease throughout 2025 , but the declines will probably be gradual.

Use Yahoo Finance's free mortgage calculator to see how various interest rates and term lengths will impact your monthly mortgage payment.

The national average 30-year mortgage rate is 6.70% right now, according to Zillow .

With an ARM, you have no idea what mortgage rates will be like once the intro-rate period ends.

With a low mortgage refinance rate, you could reap the benefits of a low rate without risking a rate increase down the road.

VR Score

85

Informative language

89

Neutral language

61

Article tone

informal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

no external sources

Source diversity

no sources

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