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Mortgage and refinance rates today, February 5, 2025: Rates hardly move amid tariff discussions

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Summary
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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.

VR Score

87

Informative language

88

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63

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informal

Language

English

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36

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not offensive

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Time-value

long-living

Source diversity

1

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