Mortgage Rates Decrease, Still High

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Mortgage rates

Yahoo Finance

•

Business

Business & Economics

Mortgage and refinance rates today, January 20, 2025: Should you wait for lower rates?

Summary

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81% Informative

Mortgage rates have decreased for several consecutive days , but they're still relatively high.

The current 30-year fixed interest rate is 6.67% , according to Zillow .

If you're financially ready to buy a house, you may want to start the process sooner rather than later.

Remember, you can always refinance at a lower rate in a few years .

Use the free Yahoo Finance mortgage calculator to play around with different outcomes.

Mortgage lenders typically give the lowest mortgage rates to people with higher down payments, excellent credit scores, and low debt-to-income ratios.

You can also buy down your interest rate permanently by paying for discount points at closing.

Mortgage rates probably won't significantly decrease at the beginning of 2025 , though they could inch down here and there.

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informal

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English

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