Mortgage rates are showing a promising dip as of March 7, 2025, potentially signaling positive trends for the housing market. This article breaks down the current rates, explores contributing factors, and offers insights into future rate movements and mortgage options.

Mortgage Rates Dip Down: Current Mortgage Rates on March 7, 2025

As of March 7, 2025, several key mortgage rates are experiencing a decrease. This shift could be a welcome sign for the housing market.

Today's Average Mortgage Rates

Here's a snapshot of the average mortgage rates as of today, compared with last week:

| Mortgage | Rate | Change | | ---------------------------- | ------ | ------ | | 30-year fixed-rate | 6.67% | -0.08 | | 15-year fixed-rate | 5.95% | -0.10 | | 30-year fixed-rate jumbo | 6.72% | -0.15 | | 5/1 ARM | 6.04% | -0.09 | | 10-year fixed-rate | 5.77% | -0.10 | | 30-year fixed-rate refinance | 6.66% | -0.11 | | 15-year fixed-rate refinance | 5.93% | -0.14 | | 10-year fixed refinance | 5.86% | -0.02 |

What's Going On With Mortgage Rates Right Now?

Lower mortgage rates can be seen as a positive signal for the housing market in 2025.

Where Are Mortgage Rates Headed?

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Which Mortgage Term and Type Should I Pick?

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Calculate Your Monthly Mortgage Payment

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How Can I Find the Best Mortgage Rates?

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