Mortgage and refinance rates today, February 24, 2025: Fixed rates decrease

Mortgage interest rates have inched down for the most part.

Rates are inching up and down sporadically, but there haven't been major shifts in a while.

Instead of trying to time the real estate market, buy a house when it makes the most sense for your family and financial situation.

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

If you want a lower rate, try saving more, improving your credit score, or paying down some debt.

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