Mortgage Rates Rise, Not Significant
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Mortgage ratesYahoo Finance
•Business
Business & Economics
Mortgage and refinance rates today, February 5, 2025: Rates hardly move amid tariff discussions
81% Informative
The 30-year fixed mortgage rate has risen by two basis points to 6.63% , and the 15-year interest rate is up by four basis points.
Many have predicted that President Trump 's tariffs on Canada , China , and Mexico would cause mortgage rates to go up.
This could be the case eventually, but Trump has temporarily paused tariffs on Mexico and Canada .
The national average 30-year mortgage rate is 6.63% right now, according to Zillow .
Mortgage rates will probably decrease by the end of 2025 , but any declines will likely be gradual.
Refinancing into a shorter term will also land you a lower rate, though your monthly payments will be higher.
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