Found 1 blog entry tagged as This Week's Mortgage Interest Rate Update: February 25.

THIS WEEK'S MORTGAGE INTEREST RATE UPDATE: FEBRUARY 25, 2025

By Meredith Amon, Licensed in Alabama and Florida

Orange Beach Alabama Mortgages Interest Rates

Current Mortgage Rate Trends

As of Tuesday, February 25, 2025, the national average mortgage rate for a 30-year fixed-rate loan is 6.93%, reflecting a 4 basis point decrease over the past week. For homeowners looking to refinance, the national rate for a 30-year fixed refinance is 6.94%, rising 1 basis point compared to last week. The 15-year fixed refinance remains steady at 6.32% with no change over the last seven days.

While interest rates have shown minor fluctuations, they remain relatively high compared to expectations set by the Federal Reserve’s recent rate cuts. The 30-year fixed-rate mortgage hovers around 7%, slightly…

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