Mortgage Rates Dip Again

May 05, 2025•1 min read

Mortgage Rates Dip Again—Offering a Boost for Spring Buyers

Good news for homebuyers: mortgage rates have edged down for the second week in a row, providing a bit of relief just in time for peak real estate season.

According to the latest data from Freddie Mac, the average 30-year fixed mortgage rate has slipped to 6.76%, down from 6.81% last week. That’s a notable drop compared to the 7.22% average at this time last year. Meanwhile, the 15-year fixed rate—often favored by homeowners looking to refinance—also ticked down slightly to 5.92% from 5.94%.

These lower rates could help give buyers more leverage in today’s competitive market. With affordability still a challenge, even modest rate improvements can significantly impact monthly payments and buying power.

Mortgage rates tend to follow the ups and downs of the 10-year U.S. Treasury yield, which fluctuates based on investor sentiment, inflation forecasts, and the Federal Reserve’s policy moves. Though rates recently peaked above 7% earlier this year, they’ve been bouncing within the high 6% range over the past several weeks.

If you're considering making a move, now might be the time to lock in a better rate before the next shift. Want to explore your options or see what your monthly payment could look like? CLICK HERE!

Deborah Kling

Deborah Kling, the founder of Your Home Sold Guaranteed Realty - Kling Group, which is a family run brokerage, is one of the first AI Certified Agents in the world and a nationally recognized real estate expert. She wanted to make it a one stop shop by also becoming a Loan Officer with Your Home Loans powered by Nexa Mortgage. With over 8 years of experience, Deborah has a deep understanding of the challenges homeowners face when trying to sell or buy a property. Her passion for leveraging technology and providing exceptional service has driven her to develop a unique, customer-centric approach that consistently delivers unparalleled results. As a host of The American Dream TV, a national real estate telly award winning and emmy nominated show, Deborah shares her expertise with a wide audience. She even published an Amazon book called The AI-Powered Homeowner: The Guide to Revolutionizing Real Estate, empowering homeowners with the knowledge and tools they need to succeed in today's market. Her warm personality, coupled with her unwavering commitment to her clients' success, has earned her a stellar reputation and a loyal following. When she's not helping families achieve their real estate dreams, she's actively supporting local causes like Defenders of Freedom and Foodraising Friends, believing that success means nothing without giving back to the community.

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