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Mortgage Rates Today – 4 April 2025: Rates tick back upward

Mortgage Rates Today - 4 April 2025

The average 30-year fixed-rate home loan rate in the US is currently 6.602%, down slightly from last week. Rates on other loan types are also moving up and down, with the 30-year jumbo loan at 6.734% and the 15-year fixed-rate loan at 5.787%.

Home loan interest rates depend on many factors. These rates fluctuate due to economic conditions, inflation, and Federal Reserve policies. Rates can go up if demand increases, while they can go down if demand decreases.

To get a good interest rate, you need to have a good credit score. Also, it is beneficial to have a low debt-to-income ratio (DTI). Comparing rates from different lenders can save you thousands of dollars.

While today’s 6-7% rates may seem high, they are not very high historically. In the 1980s, these rates were as high as 18%. Therefore, a loan taken with proper planning and good terms can be beneficial in the long run.


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