Mortgage rates barely move
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Mortgage ratesYahoo Finance
•Mortgage and refinance rates today, January 15, 2025: Inflation report could lead to bigger rate changes
81% Informative
The Consumer Price Index (CPI) is released today at 8:30 a.m. ET .
The CPI is a key measure of inflation, and the latest inflation trends could dictate when the Federal Reserve will cut the federal funds rate this year .
Yahoo Finance's free mortgage calculator shows how various interest rates and term lengths will impact your monthly mortgage payment.
The national average 30-year mortgage rate is 6.87% right now, according to Zillow .
With an ARM, you have no idea what mortgage rates will be like once the intro-rate period ends.
Refinancing into a shorter term will also land you a lower rate, though your monthly payments will be higher.
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