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Mortgage Rates Steady Amid Mixed Economic Indicators

Coin WorldFriday, Apr 25, 2025 3:11 am ET

1min read

Mortgage rates have shown minimal movement as of April 25, 2025, with the 30-year conventional mortgage rate holding steady at 6.898%. The 15-year fixed rate has slightly decreased to 6.108%, while the 30-year FHA mortgage rate stands at 6.856%. The 5/1 ARM conventional rate has marginally increased to 6.036%.

The stability in mortgage rates can be attributed to the mixed economic indicators released this week. The latest jobless claims report showed an increase to 222,000, slightly above the expected 220,000. The Durable Goods report indicated a 9.2% increase in March, surpassing market forecasts. However, existing home sales fell by 5.9% in March, reflecting the challenges faced by the housing market due to high mortgage rates.

The yield on 10-year Treasury notes increased slightly to 4.329%, which typically has a negative impact on mortgage rates. Major stock indexes grew this morning, further contributing to the upward pressure on mortgage rates. Conversely, a decrease in oil prices to $62.28 per barrel and an increase in gold prices to $3,336 per ounce provided some relief, as these factors generally have a positive effect on mortgage rates.

The Federal Reserve's actions and economic reports continue to influence mortgage rates. Minneapolis Fed President Neel Kashkari's speech later today is expected to provide further insights into the central bank's stance on monetary policy. Analysts forecast that mortgage rates will gradually decrease through 2025, but short-term fluctuations are possible.

For homebuyers and refinancers, the current environment presents a mix of opportunities and challenges. While mortgage rates have remained stable, the economic outlook and market conditions suggest that rates could move in either direction in the near term. Homebuyers should consider locking in their rates if they are closing soon, as this could provide stability amidst the volatility. However, those with more flexibility may choose to wait for potential rate decreases later in the year.

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