Mortgage interest rates today, April 25, 2025, are showing a subtle cooling compared to last week’s brief spike, giving homebuyers and refinancers a cautious sense of optimism. According to the latest data from Freddie Mac and Zillow, rates on key loan types are slightly lower than they were a year ago—even if they remain historically high.
Current Mortgage Interest Rates Today (Zillow Data):
- 30-year fixed: 6.79%
- 20-year fixed: 6.45%
- 15-year fixed: 6.09%
- 5/1 ARM: 7.30%
- 7/1 ARM: 7.43%
- 30-year VA: 6.36%
- 15-year VA: 5.83%
- 5/1 VA: 6.35%
These averages reflect national rates and may vary by lender and borrower profile.
Freddie Mac reports the average 30-year fixed mortgage rate dipped two basis points this week to 6.81%, while the 15-year fixed dropped a more notable nine basis points to 5.94%. This continues a larger downward trend over the past year—36 basis points lower for the 30-year and 50 basis points down for the 15-year compared to April 2024.
However, some data sources, like the Mortgage Research Center, show slight increases. Their report lists the 30-year fixed mortgage rate at 6.88%, a 1.13% jump from last week, and the 15-year fixed rate at 5.91%, up 0.78%. Despite the fluctuations, experts advise borrowers to consider these rates in the context of a volatile economy, where even minor dips present a potential savings opportunity.
Today’s Mortgage Refinance Rates (Zillow Data):
- 30-year fixed refinance: 6.80%
- 20-year fixed refinance: 6.44%
- 15-year fixed refinance: 6.10%
- 5/1 ARM refinance: 7.58%
- 7/1 ARM refinance: 7.54%
- 30-year VA refinance: 6.29%
- 15-year VA refinance: 5.90%
- 5/1 VA refinance: 6.46%
Refinancing remains an option for homeowners with older, higher-rate mortgages, though rates are typically just slightly higher than purchase loans.
Outlook on Mortgage Rates in 2025
Mortgage rate trends in 2025 have been unpredictable. After falling post-spring 2024, they surged again in October, despite multiple rate cuts by the Federal Reserve in late 2024. The Mortgage Bankers Association forecasts a gradual decline, estimating the 30-year fixed to fall to around 6.7% by the end of 2025. However, given inflation concerns and economic headwinds, rapid drops remain unlikely.
Borrowers should focus on locking in rates when favorable and consider term options carefully. 30-year mortgagesprovide lower monthly payments but higher total interest, while 15-year terms offer interest savings in exchange for steeper monthly costs. Meanwhile, ARMs like 5/1 and 7/1 might not deliver the lower starting rates they once promised, with current averages exceeding many fixed options.
As of today, mortgage interest rates remain in a better place than they were a year ago. While not dramatically lower, the slight drops can still add up to significant savings over time. For anyone eyeing a purchase or refinance, it’s a good moment to explore the options, shop lenders, and consider locking in before further rate swings.