Mortgage rates fall across board

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Mortgage rates

Yahoo Finance

•

Business

Business & Economics

Mortgage and refinance rates today, March 3, 2025: Fixed rates are lower than ARM rates

Summary

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81% Informative

The 30-year fixed mortgage rate has dropped by four basis points to 6.27% .

The 15-year mortgage rate is 5.57% today .

Historically, introductory rates on adjustable-rate mortgages (ARMs) have been lower than fixed rates.

Even in the current high-rate environment, a fixed rate could be a better deal.

Use the free Yahoo Finance mortgage calculator to estimate your monthly payment.

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.

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informal

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English

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